German funds attract €15bn inflows in April
The German asset management industry attracted €15bn in new inflows throughout April, with the total of new inflows now amounting to €87bn this year, according to German Investment Funds Association BVI.
Bond and multi-asset funds continue to show the strongest growth levels among mutual funds, with multi-asset fund assets growing by 17.5% and bond fund assets growing by 8.1% since the beginning of this year.
While equity funds grew by only 4.6% but continue to have the largest overall volume, amounting to a total market share of 37%.
Open ended real estate funds equally reported inflows of €1.2bn, according to BVI data, they currently constitute 9% of the German fund industry’s market share.