German open-ended funds experienced something of a revival in October as a net inflow of EUR 530 mln was recorded, according to a report by CB Richard Ellis. This was the highest inflow since January 12005.
German open-ended funds experienced something of a revival in October as a net inflow of EUR 530 mln was recorded, according to a report by CB Richard Ellis. This was the highest inflow since January 12005.
'Particularly notable was the performance of the funds managed by SEB, all three of which saw positive inflows and two of which were among the five funds that saw the highest net inflows this month,' the report said. Two of the funds in the top five, SEB Global Property Fund and AXA Immoselect, were newly launched in October.
DEKA, however, saw further outflows from all three of its funds in October, bringing the total value of the three to EUR 12.2 bn. This was down by over EUR 2 bn since the beginning of the year, the authors of the report said.
