Inflows into German fund flows have doubled compared to the previous year, growth levels are largely driven by growing investments into Spezialfonds and multi-asset, according to German Investment Funds Association (BVI).
Within the first nine months of 2-15, the German fund industry attracted net new inflows of €140,9bn, compared to €70bn the previous year.
Between January and Septemer 2015, Spezialfonds alone attracted €87.9bn, while mutual funds attracted €57.4bn. Mutual funds continued to be the most popular vehicle, attracting €29.4bn, compared to €11.5bn for equity and €9.7bn for bond funds.
In total terms, insurances continue to be the biggest force among German institutional investors, managing €518bn as of September, compared to pension funds managing €267bn. However, pension funds reported the strongest growth levels of assets, which increased by 20% YoYas of September 2015.