Inflows into German investment funds amounted to €86.6 billion in the ten months to October, according to figures from the German funds association BVI.
At €65.7 billion, open-ended “Spezialfonds” alone collected almost as much as during the first ten months of the previous year when €69.5 billion was raised.
Open-ended retail funds raised €19.8 billion in fresh money, falling short of the €59.6 billion raised during the first ten months of 2017.
New business into balanced funds of €20.9 billion and property funds of €5.1 billion compared with €25.7 billion and €5 billion respectively last year.
By contrast equity funds recorded new business of just €2.6 billion in the ten months to October, down significantly with the €12.6 billion of inflows (primarily via equity ETFs) between January and October 2017.
Meanwhile bond funds registered outflows of €4.2 billion this year, compared to inflows of €18.2 billion during the same period of the previous year.
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