Germany investment fund assets and net sales, monthly

Name: Germany investment fund assets and net sales, monthly
Creator: Deutsche Bundesbank
License: https://creativecommons.org/licenses/by/4.0/

German investment funds by fund type: the assets they manage at the end of each month and the net sales - new money in minus redemptions - during it. Placing flows next to the stock separates growth that comes from investors from growth that comes from markets.

Source: Deutsche BundesbankLast updated: Sep 15, 2026, 09:54Curated by Bui Thanh PhucAbout this data ↓

Indicator	07-2026	06-2026	05-2026	04-2026	03-2026	02-2026	01-2026	12-2025	11-2025	10-2025	09-2025	08-2025	07-2025	06-2025	05-2025	04-2025	03-2025	02-2025	01-2025	12-2024	11-2024	10-2024	09-2024	08-2024	07-2024	06-2024	05-2024	04-2024	03-2024	02-2024	01-2024	12-2023	11-2023	10-2023	09-2023	08-2023	07-2023
Assets under management3
Public funds1
Funds total10		836,442	829,499	800,703	764,775	802,763	786,851	773,001	767,083	767,478	751,377	742,131	740,030	726,473	724,227	695,609	706,357	730,496	729,344	710,186	714,853	701,222	702,780	697,928	694,588	693,333	688,477	680,622	687,800	667,607	658,032	650,206	636,540	620,279	641,752	648,423	654,804
Equity funds		435,796	429,755	407,941	381,053	408,293	396,810	387,195	383,216	382,806	370,657	363,159	361,247	350,722	349,025	327,278	335,808	353,143	352,412	336,013	338,332	327,620	328,183	325,402	322,945	322,614	318,040	312,021	316,806	305,416	296,126	289,583	280,311	263,789	273,448	276,591	280,997
Bond funds		69,910	68,992	67,984	67,091	67,618	66,215	65,415	66,890	67,056	66,377	66,598	66,257	65,241	64,218	62,448	62,098	62,303	61,622	61,335	61,707	61,633	61,638	61,177	60,478	59,698	59,350	59,201	59,175	58,760	59,241	59,449	58,277	57,446	58,889	59,848	59,959
Mixed securities funds		153,267	152,969	149,120	143,862	150,973	148,948	146,426	146,476	146,493	143,990	142,428	142,195	140,333	139,955	135,912	137,553	142,216	142,051	138,600	139,720	137,121	137,579	136,337	136,312	135,632	133,160	131,682	133,498	131,478	130,952	129,405	126,790	121,277	130,537	132,606	133,955
Money market funds		6,841	6,909	6,955	6,605	6,382	6,344	6,268	6,399	6,433	6,471	6,530	6,458	6,494	6,419	6,380	5,856	5,603	5,509	5,313	5,254	5,485	5,414	5,137	4,623	4,417	4,245	4,140	3,909	3,715	3,682	3,529	3,363	3,263	3,382	3,313	3,188
Real estate funds		108,209	109,239	109,606	110,021	110,827	111,580	112,689	113,957	114,782	115,499	116,146	116,865	118,008	119,179	119,734	120,477	121,345	122,059	123,469	124,421	125,045	125,765	126,292	127,045	127,955	131,369	131,781	132,186	126,222	126,633	127,197	127,936	132,337	132,347	132,293	132,362
Funds of funds		49,502	48,670	46,564	44,075	46,042	44,671	43,477	40,208	40,031	38,643	37,860	37,577	36,414	36,179	34,729	35,619	36,880	36,577	36,083	36,086	35,151	35,033	34,555	34,345	34,289	33,687	33,312	33,826	33,255	32,840	32,474	31,404	30,266	31,063	31,656	32,037
Hedge funds		3,064	3,020	2,922	2,793	2,916	2,782	2,747	0	0	0	0	0	0	0	0	0	0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pension investment funds		722	712	685	657	702	686	677	750	752	737	730	731	719	722	699	705	732	731	633	635	629	636	633	628	630	629	623	634	619	615	609	595	570	585	593	601
Derivative funds		1,083	1,058	1,026	995	1,015	952	939	907	903	929	895	896	898	907	904	833	717	713	697	688	675	660	629	580	530	515	484	475	438	423	406	391	337	333	295	157
Other funds		6,840	6,865	6,673	6,447	6,708	6,639	6,071	7,251	7,222	7,048	6,826	6,885	6,748	6,732	6,658	6,535	6,689	6,807	7,218	7,163	7,006	6,993	6,934	6,798	6,729	6,674	6,577	6,536	6,940	6,799	6,830	6,833	10,761	10,946	11,025	11,376
Special investors funds1
Funds total8		2,344,969	2,328,133	2,279,837	2,224,584	2,297,779	2,264,389	2,235,360	2,235,598	2,235,013	2,203,323	2,182,765	2,174,123	2,158,130	2,157,844	2,132,775	2,131,924	2,176,490	2,162,179	2,132,280	2,156,730	2,123,692	2,133,854	2,115,397	2,108,727	2,084,276	2,068,583	2,056,598	2,074,224	2,052,845	2,047,326	2,038,754	1,989,768	1,934,794	1,953,489	1,982,394	1,988,508
Equity funds		157,952	155,717	148,488	139,845	150,079	144,759	141,115	142,143	141,667	137,133	133,663	132,156	129,262	131,036	123,388	124,971	130,494	130,781	124,097	125,687	121,321	123,039	121,050	121,310	125,578	123,834	121,991	122,748	120,910	118,558	117,941	115,427	112,097	116,363	121,024	123,647
Bond funds		437,896	434,734	429,970	426,382	436,922	429,891	427,024	416,760	418,917	415,415	411,791	410,977	408,590	408,041	406,854	402,607	411,452	404,237	401,902	411,870	410,356	416,831	412,578	411,128	403,570	398,963	398,299	408,605	402,151	403,720	401,984	387,874	374,214	373,477	382,729	385,866
Mixed securities funds		1,229,745	1,218,957	1,188,763	1,165,061	1,210,590	1,193,754	1,176,795	1,186,587	1,188,308	1,169,516	1,159,009	1,154,628	1,145,935	1,146,091	1,133,826	1,135,415	1,162,059	1,154,243	1,136,449	1,149,474	1,128,269	1,132,089	1,123,032	1,117,786	1,098,369	1,093,157	1,085,585	1,089,917	1,073,844	1,069,704	1,064,146	1,038,974	1,010,977	1,023,389	1,036,434	1,037,925
Money market funds						25	25	25												0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Real estate funds		180,115	180,171	179,921	180,424	179,383	179,151	178,723	181,181	180,846	181,096	180,765	180,495	180,513	180,743	180,214	179,907	179,569	179,306	178,396	178,667	178,231	178,064	177,469	177,464	177,414	175,870	175,924	175,592	182,037	181,823	182,227	180,993	177,471	177,886	177,275	177,916
Funds of funds		204,447	203,958	200,274	187,485	192,053	190,244	187,661	178,473	176,188	173,523	172,331	171,216	168,519	164,801	163,143	164,021	166,001	165,480	163,101	161,961	157,956	158,260	156,493	156,434	155,079	153,863	152,472	154,080	152,758	151,751	150,736	147,882	144,112	145,882	147,059	146,863
Hedge funds						509	499	506	3,982	3,983	3,943	3,865	3,855	3,754	3,743	3,594	3,740	3,912	3,902	5,743	5,655	5,435	5,630	5,556	5,652	6,013	5,956	5,820	5,959	5,748	5,618	5,573	5,378	5,126	5,262	5,304	5,355
Other funds		130,694	130,544	128,407	121,483	124,844	122,703	120,192	122,595	121,262	119,002	117,672	117,167	118,117	119,998	118,379	117,904	119,672	120,920	115,378	116,287	115,020	112,856	112,196	112,075	111,446	110,167	109,922	110,565	108,755	109,519	109,515	107,444	105,144	105,595	107,007	106,487
Closed-end funds1
Funds total1		104,125	103,469	102,541	101,525	101,563	99,908	97,431	97,783	97,340	96,355	95,725	95,373	95,316	95,124	94,415	94,101	93,116	93,444	93,786	90,101	90,237	89,747	88,040	87,668	87,632	85,995	85,475	84,987	85,174	83,759	84,562	84,260	83,326	82,501	82,284	82,616
Real estate funds		41,603	41,177	41,026	41,029	40,634	40,526	40,419	40,302	40,495	40,595	39,869	39,892	40,132	40,227	40,124	40,099	39,788	39,775	39,184	39,225	39,296	39,309	39,173	39,253	39,617	39,471	39,448	39,263	39,352	38,848	39,059	39,042	38,863	38,863	38,800	38,474
Net sales3
Public funds1
Funds total10		1,039	3,533	-363	2,038	4,725	2,847	442	2,361	1,217	462	2,564	1,464	3,280	3,819	-307	3,773	2,252	-1,310	-438	-1,841	559	321	723	225	461	210	742	-1,070	-1,095	-457	-1,536	592	-1,269	702	13	433
Equity funds		327	2,120	-840	1,145	3,168	1,789	1,404	2,234	1,045	1,024	2,280	1,455	1,980	1,621	-649	3,210	2,187	435	-24	-353	614	506	508	459	711	-6	889	36	351	-177	-594	1,441	46	1,274	144	223
Bond funds		550	722	458	832	957	437	-34	222	275	-311	340	781	992	1,608	148	667	337	-11	-34	-356	354	-27	433	109	16	257	460	-19	-145	-205	-10	-143	-279	-236	87	152
Mixed securities funds		-41	549	-191	-163	371	325	-323	237	92	91	234	23	320	871	21	95	151	335	-102	-445	160	-3	-137	-2	-234	228	-286	-627	-893	-24	-843	-491	-611	-252	-339	-307
Money market funds	-83	-81	-23	344	236	84	65	-194	-31	-48	-69	62	-44	63	86	520	253	83	184	46	-231	56	260	407	285	161	137	220	188	23	141	156	93	-130	61	115	280
Real estate funds		-337	-517	-511	-668	-694	-420	-848	-597	-496	-576	-610	-889	-249	-581	-691	-870	-730	-499	-611	-571	-688	-477	-725	-729	-241	-463	-481	-455	-430	-19	-182	-276	-139	-115	-40	90
Funds of funds		539	624	348	580	660	401	311	275	368	227	222	310	196	178	84	242	278	149	147	113	59	39	58	22	-1	10	-35	-213	-77	-139	-112	-44	-123	-67	-79	-129
Hedge funds		0	0	-14	0	68	-8	-12	0	0	0	0	0	0	0	0	0	0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pension investment funds		-2	-1	-2	-2	-2	-2	-4	-2	-2	-1	-2	0	-2	-2	-2	-2	-3	-4	-3	-3	-2	-1	-2	-4	-1	-2	-2	-3	-2	-2	-4	-2	-2	-1	-1	-2
Derivative funds		27	20	-1	-6	57	8	17	-1	-37	26	-9	-10	-20	-11	77	146	8	6	14	-1	15	25	45	49	11	22	11	33	11	14	11	40	4	45	136	123
Other funds		46	20	30	58	47	243	130	29	39	51	46	-170	-4	39	179	19	-65	48	119	4	-14	-11	133	31	-7	20	-37	-20	56	-56	-21	-30	-46	-25	-43	-38
Special investors funds1
Funds total8		1,641	7,633	1,753	283	2,871	5,177	22,904	8,109	11,253	2,468	5,402	3,449	-1,067	814	3,689	1,669	4,260	6,761	13,119	3,616	5,006	-208	-1,491	1,744	1,190	172	9,417	-1,259	-363	10,839	12,506	-3,865	-1,186	1,411	4,720	5,972
Equity funds		-75	-153	-332	387	-169	-318	1,022	1,588	854	721	1,309	442	-567	-26	649	406	-59	-288	460	791	-9	840	-8	-5,427	-897	-432	1,540	-1,322	-836	-510	-387	-2,255	-624	-465	-1,057	-1,580
Bond funds		170	667	-356	3,993	1,210	420	6,039	307	296	1,218	444	2,385	-69	-63	496	-67	3,058	1,602	831	-2,639	-2,293	-121	-1,667	786	-70	-89	960	586	325	5,922	3,054	-242	673	351	-361	150
Mixed securities funds		2,024	5,915	1,412	-5,155	1,311	1,386	9,141	1,491	7,910	-76	2,309	-135	-1,819	-347	1,864	-146	2,995	3,729	4,792	1,825	4,839	-2,437	293	6,577	1,182	88	6,907	-1,652	158	4,116	3,737	-1,807	-1,044	735	4,026	5,581
Money market funds						0	0	0												0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Real estate funds		111	439	212	355	310	652	709	812	358	89	191	205	53	627	362	403	137	828	1,061	1,083	588	1,016	256	233	442	407	814	388	443	688	1,588	369	404	698	761	1,136
Funds of funds		-27	498	603	207	173	1,090	5,442	2,663	767	304	406	1,879	3,206	100	366	781	-113	722	5,295	2,355	629	573	-190	296	279	286	-843	60	148	900	4,038	420	-400	122	986	530
Hedge funds						0	0	0	0	-37	0	0	-27	0	0	-22	1	6	9	-1	0	-250	2	0	-343	1	1	-118	0	1	-33	0	0	-10	2	2	-10
Other funds		-616	257	100	486	35	1,895	558	1,228	955	197	709	-1,466	-1,886	512	-34	269	-1,774	63	566	232	1,482	-157	-259	-374	161	-109	152	634	-608	-267	447	-349	-197	-60	362	45
Closed-end funds1
Funds total1		977	462	883	294	198	1,035	208	206	801	344	653	421	0	401	613	526	-402	660	1,285	279	283	252	829	-35	643	222	293	204	97	518	374	1,187	539	113	294	610
Real estate funds		23	101	42	12	-47	-25	-210	-29	-63	117	36	29	51	-83	223	-22	39	71	67	-46	49	-12	106	-82	147	89	34	47	45	0	160	83	16	87	13	156

Latest reading

Funds total stood at 836,442 EUR million in Jun 2026. That is +0.8% from May 2026 and +15.1% from a year earlier. The series on this page is monthly and runs from Jan 1950 to Jun 2026. Source: Deutsche Bundesbank.

Latest: 836,442 EUR million; Jun 2026
vs previous period: +0.8%; May 2026
vs a year earlier: +15.1%