German retail investors drove fund sales to a 2016 high in May, according to figures released this week.
€2.5 billion flowed into German funds, with balanced funds and open-ended property funds topping sales with inflows of just over €1 billion each.
It was the strongest run for open-ended property funds since 2010, said German fund industry trade body BVI.
Equity and bond funds also reversed their slight outflows seen in April, to gain €0.2 billion and €0.5 billion, respectively, in April.
Along with the institutionally orientated ‘spezialfonds’, the German asset management industry saw a total €5 billion net inflow in May, bringing total assets under management to €2.7 trillion.
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