Germany’s investment funds trade body has calculated that just over 30% of investments made into funds launched in Europe for much of last year originated in Germany.
BVI said Germany had sourced about 31% of the net €275 billion inflows during the ten months to the end of October 2018.
“Apparently, new business in the current year 2018 is significantly lower in other European countries,” BVI said on Wednesday when it released the figures.
The share of German investments in 2018 shows a rise on the 17% figure in 2017.
When measured from the beginning of January 2018 until the end of November, BVI said investment funds in Germany had collected €100.7 billion in net new money, meaning fund sales were at the level of preceding years, excluding the record years of 2015 and 2017. During those years the industry raised €193 billion and €160 billion, respectively.
Spezialfonds, which are for pension and insurance investors, raised €76.3 billion in net money in the eleven months to the end of November, and open-ended retail funds attracted €22.9 billion.
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