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.

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