German industry sees inflows double in 2015

Germany1Net flows into Germany’s investment management market are twice as high this year as last year. €140.9 billion of net new money was invested with investment firms in the year until the end of September compared to €70 billion last year. Net flows in September alone were €8.8 billion, which compares to €5.3 billion in September 2014, according to the BVI, Germany’s fund management association. The figures cover retail funds, institutional ‘spezialfonds’ and assets outside investment funds. At the end of September, investment firms managed assets totalling €2.5 trillion, of which €1.3 trillion was made up by spezialfonds. Insurers have led pension funds in asset raising for spezialfonds over the past ten years by investing, on average, over 41% of the amount placed in spezialfonds, says the BVI. Within the retail fund segment, balanced funds topped September sales with net money of €1.7 billion – twice as much as raised in August. Equity funds saw €0.4 billion flow out but are still the largest group, with assets under management of €842 billion. Bond funds attracted €0.7 billion during September and since March, investors have increasingly been investing in bond funds with short-term maturities, says the BVI. ©2015 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.