Fund assets reach another record level in 2020

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Frankfurt  The  rapid recovery on the stock exchanges after the crash at the beginning of the pandemic gave the German fund industry another record year. “© www.de24.news

 The  2020 stock market year, which was marked by the corona crisis, developed significantly better than expected a year ago,” said the President of the German Investment and Asset Management Association (BVI), Alexander Schindler, on Tuesday in Frankfurt. “© www.de24.news

 The  recovery in the securities markets contributed to the fact that the fund companies reached a new record high for assets under management at the end of the year with 3850 billion euros.” A year earlier it was almost 3400 billion euros.

“In view of the corona crisis, 2020 was a very good year for sales,” said Union Investment Manager Schindler. © www.de24.news

 The  bottom line is that, according to BVI data, investors put 127 billion euros in fresh money in investment funds. That is the third highest value since the statistics were recorded. Only in 2015 (193 billion euros) and 2017 (164 billion euros) did the providers in Europe’s largest fund market, Germany, record more new business.

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Fund assets reach record level

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