German investors ratchet up multi-asset holdings

Investors in Germany continue to increase their investments in multi-asset funds. According to the branch organisation for the German fund industry BVI, net inflows into multi-asset funds more than doubled in the first half of this year to a record €23.8bn. Total assets invested in mixed funds have now surpassed those in bond funds for the first time. However, German fund selectors are now diverting their attention away from multi-asset to long/short multi-strategy funds, so flows might be taking a different course.

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