German fund clients returned to capital markets funds in January

Clients of German fund managers are beginning to put cash to work in capital markets, as mild flows went into both mutual and Spezial funds in Germany in January.

Mutual funds added €1.4bn assets, while Spezial funds added €2.1bn, according to statistics from fund trade body the Bundesverband Investment und Asset Management.

Overall, Germany’s fund industry added €2.8bn assets, and managed €1.82trn by the end of the month.

Of that, €1.15trn was in institutional products such as Spezial Funds and other, non-fund structures.

Mutual funds had €676bn of client money to invest.

Of investment strategies, equity funds were most in demand in January, with €1.2bn inflows, although mixed funds – often multi-asset – also took in new net assets of €700m.

Fixed income and open ended property funds took in €600m each.

To finance such purchasing, clients of German money market funds redeemed €1.1bn.

The 2594 equity funds run by German groups held €220.5bn at the end of January, while fixed income held €183.5bn.


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