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.

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