Germany’s fund industry grew 9% between March 2023 and March 2024, according to figures from domestic trade body BVI.
Assets under management in Germany jumped from €3,922bn at the end of the first quarter of 2023 to €4,289bn at the same point a year later. This, said the BVI, meant assets stood only slightly below the record value of €4,311bn at the end of 2021.
“The majority, at €2,125bn, is accounted for by open-ended special funds for institutional investors,” said the BVI. “These include above all pension funds (€748bn) and insurers (€543bn). In open-ended mutual funds, the fund companies manage €1,459bn.”
It added: “Of this, €680bn are accounted for by equity funds. Their share has risen from 36% to 47% in the last five years, mainly due to the rise in share prices. This is followed by mixed funds with €350bn euros and bond funds with €217bn. Their share fell from 28% to 24% and 20% to 15% percent, respectively. The net assets of the real estate funds amount to €129bn.”
The BVI added that the first quarter of 2024 saw net inflows of €21.7bn. Of this, a net €9.5bn went to open-ended special funds. Open-ended mutual funds, the BVI added, received a net €3.8bn.
