German asset management firms have been the beneficiaries of the UK’s Brexit vote with an uptick in the interest expressed in them over the last 18 months.
According to investment analytics provider, eVestment’s Germany report, the “Brexit boost” set the seal on a very good year for German asset management, which saw assets under management (AuM) swell to more than €1.6 trillion in 2017 in the past decade and a spike in interest in German asset management firms and products.
Christophe Frerebeau, head of eVestment’s business in Europe, the Middle East and Africa, said: “2017 was a standout year for the German asset management industry in many ways, and the industry is well-positioned for further growth.”
Searches on eVestment’s website for German-domiciled firms’ products jumped nearly 50% in the weeks leading up to and following the Brexit vote, highlighting global investors’ potential interest in exploring German investment firms and products following that event.
Germany is the dominant balanced/multi-asset product provider in continental Europe and there appears to be significant opportunity to expand and compete for UK-based investor assets within that category, the company said.
Frerebeau added: “Many German fund managers and German-focused investment strategies performed strongly in 2017 and could attract more international investors as the impact of Brexit becomes clearer.”
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