Approximately a fourth of the wealth in private investment funds originates from Germany.
In a recent announcement by the German Investment Fund Association (BVI), based on data from the European Central Bank (ECB), Germany has emerged as the largest market for open-ended investment funds and Alternative Investment Funds (AIFs) in Europe. The total assets under management in these funds amount to an impressive €3.2 trillion.
The ECB statistics reveal that three-quarters of fund assets in the EU are held by institutional investors. Among these, Germany accounts for 23% of the market, with €830 billion invested. The UK and France each account for 14%, followed by Italy with 9%, and the Netherlands with 10%.
Private investors in Europe and the UK have collectively invested €13.6 trillion in investment funds, with €300 billion from France and €350 billion from Spain. Germany's neighbour, Italy, contributes €690 billion, according to the reports from custodians and fund companies to the central banks.
Interestingly, the largest institutional investor group in Germany that has acquired investment funds is the Bundesverband Alternative Investments (BAI), which represents institutional investors including asset managers and family offices active since 1976.
Offshore fund assets held by private investors amount to €1.3 trillion, with 68% held by Germany and Italy combined. This suggests a strong preference for these markets among private investors.
The ECB statistics also include the fund assets held by investors in the EU and the UK. However, it's worth noting that over €5 trillion of the €19 trillion managed by funds established in Europe is held in funds established particularly in Luxembourg or Ireland, which are sold in other regions of the world, such as Asia.
This highlights the significant role European investment funds play in the global market, with countries like Germany leading the charge. As the market continues to evolve, it will be interesting to see how these trends develop in the future.
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