German investment funds saw inflows of €71 billion in the year to the end of September with the pace of inflows increasing in the third quarter.
The BVI, the country’s investment fund association, described this a “very good” result for the industry, in that the figure matched the year-before figure despite turbulence this year.
Open-ended ‘spezialfonds’ saw €47.6 billion of inflows from institutions, while retail open-ended funds saw €20.5 billion
Funds saw their best period in the third quarter, with inflows of €28.9 billion in total.
The BVI said retail investors mainly bought balanced funds, but with high equity components.
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