Record inflows to German fund industry
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.