German fund industry attracts €7bn inflows in April
Inflows into German funds have almost doubled in April, attracting €7bn, compared to 4€bn the previous month, according to the latest data provided by German Investment Funds Asssociation BVI.
Inflows were mainly driven by Spezialfonds, which attracted €5.1bn compared to €1bn for mutual funds and €1bn for independent mandates.
Among mutual funds, multi-asset appeared to regain popularity, attracting €1.5bn, followed by open ended real estate (€0.5bn) and money market funds (€03.bn) while equity (-€0.2bn)and bond funds (-€0.5bn) attracted net outflows.
Nevertheless, equity funds remain the most popular asset class in total terms, currently holding €301bn, of which 26% in ETFs.