German investors placed their highest level of money into equity funds in July since January 2001.
Retail investors generated €4.5 billion of net inflows into open-ended funds, which compares to the €5.4 billion seen in January 2001.
It also compares favourably to the €923 million invested in these funds in the previous month.
Overall, the German funds industry saw a net €9.1 billion invested in funds in July, according to the industry association, BVI.
Equity investments were split evenly between active funds and ETFs.
A total of €370 billion in assets under management were held by equity funds at the end of July, a 15% increase over the preceding 12 months.
The BVI figures also showed an increase in outsourcing for property investment by institutional investors. The market share of assets managed by firms not affiliated to investors has grown five-fold to 23%.
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