Growing demand for equity ETFs and fixed income in Germany
Open-ended German investment funds have reported just under €11bn in inflows in February, with Spezialfonds again accounting for the bulk of new assets.
By the end of February, Spezialfonds accounted for €8.7bn in net new assets, while mutual funds saw an increase of €2.2bn. At the same time, investors withdrew €2.6bn from open mandates, according to the latest date presented by German funds industry association BVI.
Among mutual fund assets, equity funds now account for the largest volume, with net inflows having grown by 10% yoy to €395bn. Those inflows were driven by growing demand for equity ETFs, while actively managed equity funds reported €0.7bn in outflows in February.
February has seen growing demand for ixed income mutual funds now account for €214bn and attracted €2bn in February alone while real estate mutual fund assets increased from €80bn to €90bn yoy.
Overall, German fund industry assets now stand at €3trn, of which €1.6trn in Spezialfonds, €1rn in open ended mutual funds and, €6bn in closed ended funds and €373bn in open mandates.