German fund industry net inflow hits €24bn in Q1 2019

German fund industry net inflow hits €24bn in Q1 2019

Fund companies in Germany saw net inflows to the tune of €24.5bn during the first quarter 2019, as reported by German Investment Funds Association (BVI). At €23.8bn, open-ended Spezialfonds remain the driver of new business. Open-ended retail funds registered outflows totalling €2.2bn. The last time their new business in a starting quarter recorded a lower figure, at minus €4.8bn, was in the first quarter of 2014. Closed-ended funds brought in €0.7bn year to date, while discretionary mandates...

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