Assets in the German funds industry grew 12.7% to a new record of €3.329 trillion in the nine months to end September, according to new data from the German funds association BVI.
The rise, from €2.954 trillion at the beginning of the year, was, according to the BVI, primarily driven by price increases in equities in stock markets worldwide.
Assets in open-ended so-called Spezialfonds reached €1.838 trillion while open-ended retail funds rose to €1.079 trillion.
During the first three quarters of 2019 German fund companies attracted fresh inflows of €68.2 billion: up from the €64.1 billion of inflows in the first nine months of 2018.
Net assets in property funds rose to €213 billion, up from €188 billion at the end of September 2018, as investment houses increased their focus on Germany.
©2019 funds europe
