GERMANY – German investment funds open to the public pulled in investments of €10.2bn in January, according to the Frankfurt-based BVI, the German federal asset manager association. The BVI says that this is a good start to the year.
The total assets under management in German publicly available funds now stands at €426.7bn, against December’s total of €417.5bn. Altogether including Spezialfonds, assets in German funds now stand at €972bn, says the BVI.
All the fund types showed increases in January, with investors clearly preferring real estate and cash funds, which attracted €3.5bn and €2.8bn respectively. Fixed income funds weren’t far behind cash, at €2.3bn, but equity funds came off worst, only accounting for €1.3bn of last month’s total increase.