Frankfurt-based asset manager Union Investment posted a 50% rise in net inflows to its institutional business for the first half of the year.
The cooperative fund management company’s net inflows in the first half of 2017 were €14 billion compared to €10.6 billion in the first half of 2016.
Products with greater potential returns, such as corporate and emerging market bonds, were popular in the first half of the year and multi-asset, absolute-return products and real estate grew in importance.
Hans Joachim Reinke, Union’s chief executive, said: “All areas of institutional business are experiencing high demand, with investors mainly focusing on diversification and regulation.”
Inflows to its retail business also continued an upward trajectory at €4.1 billion.
Strong retail flows in Germany have been experienced recently with total sales into retail open-ended bond funds reaching €3.5 billion in May.
Union’s assets under management rose by 12.4% to €309.6 billion since last year.
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