Germany’s open-ended investment funds market collected €5.5 billion in net inflows in April, according to figures from the national trade association BVI.
So-called “Spezialfonds” accounted for €5.1 billion of the inflows while retail funds recorded inflows of €0.3 billion, after having registered outflows of €1.3 billion in March.
Balanced funds once again topped the sales chart in April, with inflows of €2.1 billion.
Meanwhile, equity exchange-traded funds saw outflows of €2 billion while actively-managed equity funds collected €0.1 billion.
In the year-to-date, total new business for investment funds amounted to €43.5 billion by the end of April while discretionary mandates have recorded outflows of €8.8 billion.
As of the end of April, fund companies in Germany managed assets totalling €3 trillion.
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