German fund industry sees strongest quarterly inflows on record

Berlin bundestagThe German fund industry gathered over €72 billion in the first quarter (Q1) of 2015, marking its strongest growth in new business for any quarter on record so far.

German Spezialfonds alone recorded inflows of €43.8 billion from the beginning of January to the end of March, according to the German Investment Funds Association (BVI).

Insurers invested €19 billion in Spezialfonds, securing their place as the most important investor group in institutional business. This continues a trend from 2014, during which insurance companies had placed about a third of their investments, €1.4 trillion, in Spezialfonds.

Retail funds also achieved a record result for Q1 2015, with €27.7 billion in fresh capital. Within the retail fund segment, balanced funds were most popular for the quarter, drawing in €13.5 billion of new money - more than double the €5.5 billion generated in Q1 2014.

Equity funds brought in €6.8 billion, while bond funds raised €5.4 billion from investors, mostly for corporate bonds and medium to long-term euro bonds.

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