Record inflows to German fund industry

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The volume of inflows into German funds has doubled over the past ten years, reaching a historic record level of €2.382bn, according to the latest data provided by the German fund industry association BVI.

“2014 has been a record year for the German fund industry, the level of assets managed by the industry is historically unprecedented as specialist funds and multi-aset funds reached new record levels” comments BVI president Holger Naumann.

Two thirds of all inflows can be traced back to the institutional business, with specialist funds currently managing €1.231bn, while €788bn are currently managed in open-ended mutual funds.

According to the BVI, the low interest environment remains a driving factor for the growth in inflows. While the majority of German savers continues to store their asset in savings or time deposits, investment funds have seen inflows of €123.4bn over the past year.

Assets into multi-asset funds increased by €22.7bn, while open ended mutual funds in equities saw outflows of €10.2bn, overall, they remain the strongest group by assets, with €278bn currently invested in open-ended mutual funds for equity investments.

ABOUT THE AUTHOR
Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

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