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German investment funds attract net inflows of 117 billion euros in 2018

Reuters  |  FRANKFURT 

(Reuters) - Investment funds in posted net inflows of 117 billion euros ($132.39 billion) in 2018 despite turbulent stock markets, the (BVI) said on Wednesday.

The net inflow came primarily from professional investors, such as companies and pension funds, the association said.

A decline in markets in 2018 resulted in a 1.6 percent drop in the volume of assets under management to 2.95 trillion euros, it said.

($1 = 0.8838 euros)

(Reporting by Hans Seidenstuecker; Writing by Tom Sims; Editing by Riham Alkousaa)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 13 2019. 17:31 IST