German mutual funds: Rotation ahead

Despite volatile equity markets, the German fund industry has attracted a total of €16.6bn in inflows, however, there has been a shift in asset classes attracting money.

In the mutual fund segment, fixed income, open ended real estate and money market funds celebrated a comeback vis a vis equity and multi-asset, according to the latest data presented by German funds industry association BVI.

Of the €2.1bn in net total inflows into mutual funds in January, €2.1 went into fixed income funds, 0.8bn into open ended real estate and 0.27bn into money market funds, while equity and other funds reported net outflows.

Multi-asset, which has been the most popular strategy throughout most of 2015 now attracted a mere €0.25bn in inflows.

Mutual funds have been hardest hit by recent volatility, their assets under management declined by 3% month on month to a total of €853bn, while Spezialfonds assets remained stable at €1.3bn.

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