German fund industry attracts €11.4bn in July

The German fund industry has attracted €11.4bn in new inflows throughout July, amounting to a total record level of €124.4bn in 2015, according to the latest data presented by German Investment Funds Association BVI.

Spezialfonds have this year been a key driver of inflows, attracting €74.6bn from January till July 2015, compared to €49.8bn into mutual funds over the same period, however, in July inflows in Spezialfonds slowed down somewhat.

While €4.7bn went into Spezialfonds in July, mutual funds now raised €6.5bn. It is the first time since June 2014 that inflows in mutual funds exceed those of Spezialfonds.

By asset class, equities and multi asset continued to be the most popular, attracting €3.5bn and €3.1bn respectively while bond funds reported €0.3bn in new funds. Open end real estate funds and money market funds reported net outflows of €-0.3bn and €-0.1bn respectively.

ABOUT THE AUTHOR
Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

Read more from Mona Dohle

preloader
Close Window
View the Magazine





You need to fill all required fields!