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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.

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