Germany's open-ended property funds witnessed net average capital inflows of EUR 1.7 bn in January, nearly three times the figure for December 2009 and a sharp increase on the EUR 789 mln recorded in January 2009, according to new figures from industry body BVI.

The strong rise put open-ended funds at the top of the ranking in January, followed by mixed funds which recorded average net inflows of EUR 1.2 bn. Open-ended property funds had total assets of EUR 88.3 bn at end-January, compared with EUR 87.1 bn at end-December 2009.