German funds attract €28.1bn inflows in Q12016
The German fund industry has attracted €28bn in new inflows throughout the first quarter of 2016, according to German Investment Funds Association BVI.
In line with a long-term trend, the positive results were mainly driven by inflows into Spezialfonds, which attracted 26.8bn in inflows.
Multi-asset and open ended property funds turned out to be the most popular strategies, attracting €2.3bn and €2.2bn respectively, whereas equity ETF’s reported 1.9bn in outflows.
In total, the German fund industry now manages €2.6trn in assets, of which €1.4trn in Spezialfonds. Insurers continue to be the biggest growth driver in Spezialfonds assets, resulting in €11.4bn of net new inflows, while pension funds were responsible for €7.1bn of net new inflows as of Q12016.