German funds receive inflows of €17 billion in January

The Brandenburg GateThe German funds industry (BVI) received net inflows of €16.6 billion in January 2016, of which €11.6 billion were collected by ‘spezialfonds’, mixed funds open only to institutional investors. Of the remaining new money into funds, bond funds were the biggest beneficiaries, with inflows of €2.1 billion, followed by open-ended property funds, with €0.8 billion in fresh money. This is the strongest monthly performance recorded by open-ended property funds since December 2014. Balanced funds recorded €0.3 billion in fresh capital in January, their weakest monthly performance since December 2012. Overall, German retail funds managed assets totalling €853 billion as of January 31, some 3% less than a month earlier, when they managed €883 billion. However, ‘spezialfond’ assets remained largely unchanged. BVI attributes this reduction to the sharp falls experienced by global stock exchanges since the beginning of the year. ©2016 funds europe

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