Annual balance sheet
Records in funds
Private investors are increasingly relying on savings plans with ETFs or equity funds. Despite record numbers, the providers of such products require reforms from politics.
Investors put more money in funds in the second year in a row and gave the industry a record year in Germany. Fund companies managed 4,472 billion euros in Germany at the end of 2024, almost eight percent more than a year ago, as the BVI industry association reports.
In a challenging year with worldwide crises and economic uncertainty, the providers had achieved a “respectable new business” with 60 billion euros in funds and mandates, the President of the Federal Association of Investment and Asset Management (BVI), Matthias Liermann.
Association: Reform of private retirement provision overdue
According to the information, 36.2 billion euros of fresh money flowed into open public funds such as stock and pension funds that are aimed at broader layers of investors. At the end of 2024 there were 1,564 billion euros in such funds.
The industry expects further growth: “The signals for new business in January are positive, also due to the good stock market development in the first few weeks,” says Liermann.
BVI demands that the future federal government make private pension more attractive. “The next government should tackle the reform quickly. The product must be attractive for greater distribution. This includes less bureaucracy in the form of applications for authorities and more freedom in the one and outpatient phase,” warns BVI managing director Thomas Richter.
dpa
Source: Stern
