GERMANY – Investments into German investment funds dropped by half in August to 1.6 billion euros, according to the latest data from the BVI, Bundesverband Investment und Asset Management.
German investment companies and members of the BVI took in 1.6 billion euros in August, compared to 3.2 billion euros in July.
Of the 1.6 billion euros, 1.1 billion euros was invested in public funds, and 500 million euros was invested in Spezialfonds. Bond funds received net inflows of 918 million euros compared to just 436 million the previous month.
Property funds were also popular with investors receiving 561 million euros – but down from 1.3 billion euros the previous month.
With regards to equities, North American and European funds experienced outflows, while German and Japanese equity funds made up for the losses with inflows of almost one billon euros.
At the end of August BVI’s members managed 7,775 funds with a total of 940 billion euros. O these, 5,297 were spezialfonds with 508.3 billion euros.
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