The German Investment Fund Association BVI has issued its updated funds raising report, as of 8 November 2018.
Investment funds generated net inflows of EUR 77.2 billion during the period from the beginning of January to the end of September, with open-ended special funds accounting for EUR 58.3 billion. Open-ended retail funds attracted EUR 17.8 billion and closed-ended funds raised EUR 1.1 billion. Discretionary mandates recorded outflows of EUR 13.8 billion. In September alone, funds registered new business of just under EUR 6 billion. The fund industry manages assets in investment funds and discretionary mandates in excess of EUR 3 trillion.
At EUR 19.2 billion, balanced funds topped the sales chart within the open-ended retail fund segment. Of these inflows, EUR 14.2 billion went to funds that invest in equal parts in equities and bonds. Since the beginning of 2017, this group has once again been increasing its share in new business. Currently, these balanced funds make up almost three quarters of the inflows. Equity-oriented balanced funds collected EUR 3 billion, while bond-oriented funds registered inflows of EUR 2 billion.
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