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.

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.

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