Germany’s open-ended investment funds market collected net inflows of €10.9 billion in February, according to figures from the trade association BVI.
“Spezialfonds” accounted for €8.7 billion and retail funds accounted for €2.2 billion of those total inflows while close-ended funds recorded inflows of €0.1 billion. However, investors withdrew €2.6 billion from discretionary mandates.
As at the end of February, fund firms managed assets totalling €3 trillion of which €1.6 trillion was invested in open-ended “Spezialfonds”.
Open-ended retail funds accounted for €1 trillion, discretionary mandates accounted for €373 billion and closed-ended funds made up €6 billion.
Equity funds were the largest group among open-ended retail funds in terms of volume, with assets under management growing 10% from €357 billion from the end of February 2017 to €395 billion by the end of February 2018, despite a price downturn this year.
In February alone, equity ETFs recorded inflows of new cash of €0.5 billion net while actively-managed equity funds registered outflows of €0.7 billion.
Since the end of 2011, assets under management in balanced funds more than doubled, from €111 billion to their current level of €270 billion.
©2018 funds europe
