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Germany on course to celebrate good year in funds

German investment fundsGerman investment funds saw inflows of €71 billion in the year to the end of September with the pace of inflows increasing in the third quarter.

The BVI, the country’s investment fund association, described this a “very good” result for the industry, in that the figure matched the year-before figure despite turbulence this year.

Open-ended ‘spezialfonds’ saw €47.6 billion of inflows from institutions, while retail open-ended funds saw €20.5 billion

Funds saw their best period in the third quarter, with inflows of €28.9 billion in total.

The BVI said retail investors mainly bought balanced funds, but with high equity components.

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