The BVI comments on private old-age provision, financing of infrastructure, sustainability and the planned ban on commission.
In Germany, new business in funds and mandates amounted to EUR 63 billion. Open-ended retail funds recorded inflows after outflows in 2022.
BVI members managed EUR 1,780 billion for old-age provision purposes by mid-2023. Insurers shy away from competition, says Thomas Richter.
Fund companies had a total of EUR 3,977 billion AuM for investors in Germany at the end of September.
In terms of AuM of retail investors Germany is ahead of Italy and Spain. The latest BVI Snapshot provides further insights into the fund market.
The BVI calls for a move of derivatives clearing to the EU to reduce the risks for financial stability in the EU.