German YoY fund flows double in Q3

Inflows into German fund flows have doubled compared to the previous year, growth levels are largely driven by  growing investments into Spezialfonds and multi-asset, according to German Investment Funds Association (BVI).

Within the first nine months of 2-15, the German fund industry attracted net new inflows of €140,9bn, compared to €70bn the previous year.

Between January and Septemer 2015, Spezialfonds alone attracted €87.9bn, while mutual funds attracted €57.4bn. Mutual funds continued to be the most popular vehicle, attracting €29.4bn, compared to €11.5bn for equity and €9.7bn for bond funds.

In total terms, insurances continue to be the biggest force among German institutional investors, managing €518bn as of September, compared to pension funds managing €267bn. However, pension funds reported the strongest growth levels of assets, which increased by 20% YoYas of September 2015.

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