Investment funds in Germany recorded net inflows of €13.1 billion in September 2017.
The figure is up from the August total of €11.1 billion, with bond funds leading the way, though equity funds returned to positive territory.
During September, €2.9 billion went into bond funds, which topped the sales chart in open-ended retail funds.
Equity funds saw inflows of €2.1 billion (up from €1.8 billion of outflows in August).
Figures from the BVI, the German funds industry’s trade body, last week also showed that:
- €6.8 billion went into open-ended Spezialfonds.
- €6.3 billion went into open-ended retail funds.
- Year-to-date inflows for the industry were €121.1 billion net.
Institutional investors withdrew €10.1 billion from discretionary mandates during the same year-to-date period.
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