New business amounting to €11.4 billion poured into open-ended German retail funds in January, in what was the second best start to the year since 2000 – when inflows amounted to €13 billion.
Data published today by the German fund association BVI shows that German funds saw record inflows of €18.9 billion in January, of which open-ended “Spezialfonds” accounted for €9 billion.
German equity funds enjoyed inflows of €6.3 billion: the highest inflows since July 2000, when they reached €6.4 billion.
At the end of January 2018, German fund companies managed net assets totalling €3.04 trillion, of which €1.6 trillion was invested in open-ended Spezialfonds, while open-ended retail funds accounted for €1.06 trillion.
Discretionary mandates accounted for €377 billion, close-ended retails funds accounted for €1.9 billion and closed-ended Spezialfonds made up €4.1 billion.
©2018 funds europe
