German monthly funds inflows hit €8.5bn
The German fund industry has seen inflows of €8.5bn, including €5bn to the institutional side in August, according to the latest data provided by the German asset management industry association BVI
Compared to the previous month, multi-asset and bond funds increased in popularity, institutional investors have also demonstrated growing interest in real estate Spezialfonds, their assets grew by €3bn in 2014 and from €14bn to €44bn over the last 10 years.
The data also revealed that the German asset management market is becoming increasingly concentrated, with the 5 largest fund providers now controlling 60% of the market share.
The total AUM of the German fund industry increased from €2105bn to €2295bn since the beginning of 2014.