German mutual fund inflows overtake Spezialfonds

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The German fund industry has attracted €18.9bn in net new assets in January, with total assets increasing by almost 10% compared to the previous year.

Open ended mutual funds have attracted €11.4bn in net new inflows throughout January, overtaking the long-term German favourite of Spezialfonds, which attracted €9bn throughout the month, according to German investment funds association BVI.

Among open-ended mutual funds, equities remained the most popular asset class, reporting €6.3bn in net new inflows in January, followed by multi asset funds, which attracted 3.8bn and open ended real estate funds, which attracted €0.7bn.

Total assets managed by the German fund industry now amount to €3.04trn, of which €1.6trn in Spezialfonds, €1.06trn in mutual funds, €447bn in mandates, €1.9bn in closed ended mutual funds and €4.1bn in closed ended Spezialfonds.

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