The German fund industry has attracted net inflows of €109bn in, with total fund flows in 2015 set to double compared to the previous year, where annual inflows amounted to €116bn, according to the latest data presented by German Investment Funds Association BVI.
Total assets managed in Germany increased by almost 8% to €2.6bn by the end of June 2015. According to BVI data, Spezialfonds turned out to be again the most popular vehicle, attracting almost €70bn in net inflows, while mutual funds attracted €43bn. As of June 2015, the German fund industry manages a total of €1.3 trn in Spezialfonds and €877bn in mutual funds.
In terms of asset classes, multi-asset continued to gain popularity, attracting a net inflow of €23.8bn in the first half of 2015. Among multi-asset funds, investors focussed increasingly on funds with a higher equity exposure, which doubled their net new assets by €7bn. Balanced multi-asset funds attracted net net inflows of €9.7bn while funds with an emphasis on fixed income attracted net new inflows of €9.7bn.
Among mutual funds, equity funds hold the majority of assets, with €320bn, they constitute 37% of all mutual fund assets, while €196bn is held in fixed income funds.