“Extraordinarily good year” for German fund industry

Germany1The German funds industry enjoyed a record year in 2015 which saw fund companies managing a record €2.6 trillion in assets. Other records surpassed last year included net inflows into both retail and spezialfonds of €193 billion. Balanced funds also registered record inflows of €71.9 billion of new money in 2015. The BVI, the German fund industry association, said that investors prefer products with a slightly greater equity component. This was illustrated by balanced funds that invest at least a third of their assets in equities, raising €28 billion. The industry body also saw a reversal in equity funds’ fortunes as, after recording outflows for the past four years, equity funds collected €21.1 billion during 2015. Of this sum, equity exchange-traded funds accounted for €14.9 billion. “2015 was an extraordinarily good year for the German fund industry, in terms of both assets under management and new business", said Holger Naumann, president of the BVI. In fact, it was a good year for almost all asset classes; bond funds registered inflows to the tune of €6.3 billion while open-ended property funds raised €3.3 billion. ©2016 funds europe

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