Germany: retail funds sales exceed Spezialfonds in July

Finish lineGerman retail funds have outperformed Spezialfonds in terms of new business for the first time since June 2014, recording €6.5 billion in fresh capital in July this year. Spezialfonds saw sales of €4.7 billion for the month, though they streaked ahead of retail funds for the total figures from January to July this year, with net sales of €74.6 billion compared to €49.8 billion for retail funds. This meant inflows of €124.4 billion for Spezialfonds and retails funds together by the end of July – a total that exceeds the record year of 2000 when funds brought in €122.8 billion. Overall, in July Germany’s fund companies recorded inflows of €11.4 billion in new money, with €0.3 billion coming from assets outside investment funds, according to the BVI: Monthly German Investment Statistics Report. Equity funds saw the most sales in the month at €3.5 billion, with equity ETFs of the Euro Stoxx index proving particularly popular. Balanced funds drew in €3 billion in new money for July, while open-ended property funds saw outflow of €0.3 billion. Germany's share in European net new business increased to 25%, after reaching 20% in 2014 as a whole. ©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.