German asset management industry reaches record

Ridhima Sharma
clock • 3 min read

The majority of the assets are held by open-ended Spezialfonds (€1,875bn), ahead of open-ended retail funds at €1,116bn. Over the past ten years, the asset management industry's total asset volume has almost doubled (€1,706bn at the end of 2009). "Last year, the solid sentiment in the financial markets had a positive effect on the fund industry. In light of rising share prices and inflows, the assets managed by fund companies reached a new record high of €3,398bn. This is an increase of 15 per cent on the previous year", said Tobias C. Pross, president of the German Investment Funds Asso...

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