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Germany
DE WZ K66.30DE | Industry Report

Fund Management Activities in Germany Industry Data and Analysis

DR
David Riemeier
Analyst Frankfurt, Germany July 2025

The low interest rate environment that prevailed for a long time, the bull market on the capital markets and the increased savings rate have brought positive growth to the fund industry over the last five years. Between 2020 and 2025, industry turnover increased by an average of 0.5% per year and is expected to amount to €2.3 billion in the current year, which corresponds to an increase of 1.7% compared to the previous year. Despite the overall positive sales trend, however, fund companies are facing tougher competition and increasing regulation. Added to this is the increasing competition from foreign fund companies in the wake of advancing digitalisation and the growing popularity of passively managed funds. The trend towards low-cost passive products is not only directly reducing the earnings of industry players, but is also exerting pressure on the prices of actively managed products.

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What's included in this industry analysis

IBISWorld's research coverage on the Fund Management Activities industry in Germany includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.

About this industry

What's this industry report about?

The Fund Management Activities industry in Germany operates under the WZ industry code K66.30DE. The core business of this industry is the management of investment portfolios and funds on a contractual or fee-based basis for German and international private individuals, companies and other clients. The industry players strategically invest their clients' money in order to generate returns for them. Related terms covered in the Fund Management Activities industry in Germany include active management, assets under management (aum), exchange traded fund (etf) and passive management.

What's included in this industry?

Products and services covered in Fund Management Activities industry in Germany include Open-ended special funds, Open-ended mutual funds and Free mandates.

What companies are included in this industry?

Companies covered in the Fund Management Activities industry in Germany include Allianz Asset Management Gruppe, Universal-Investment-Gesellschaft mbH and Union Asset Management Holding AG.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Fund Management Activities industry in Germany.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Fund Management Activities industry in Germany.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Fund Management Activities industry in Germany.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Fund Management Activities industry in Germany. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Fund Management Activities industry in Germany. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Fund Management Activities industry in Germany. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Fund Management Activities industry in Germany. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Fund Management Activities industry in Germany.

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Frequently Asked Questions

What is the market size of the Fund Management Activities industry in Germany in 2026?

The market size of the Fund Management Activities industry in Germany is €2.3bn in 2026.

How many businesses are there in the Fund Management Activities industry in Germany in 2025?

There are 422 businesses in the Fund Management Activities industry in Germany, which has grown at a CAGR of 0.9 % between 2020 and 2025.

How may import tariffs affect the Fund Management Activities industry in Germany?

The Fund Management Activities industry in Germany is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.

How may export tariffs affect the Fund Management Activities industry in Germany?

The Fund Management Activities industry in Germany is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.

Has the Fund Management Activities industry in Germany grown or declined over the past 5 years?

The market size of the Fund Management Activities industry in Germany has been growing at a CAGR of 0.5 % between 2020 and 2025.

What is the forecast growth of the Fund Management Activities industry in Germany over the next 5 years?

Over the next five years, the Fund Management Activities industry in Germany is expected to grow.

What are the biggest companies in the Fund Management Activities industry in Germany?

The biggest companies operating in the Fund Management Activities industry in Germany are Allianz Asset Management Gruppe, Universal-Investment-Gesellschaft mbH and Union Asset Management Holding AG

What does the Fund Management Activities industry in Germany include?

Open-ended special funds and Open-ended mutual funds are part of the Fund Management Activities industry in Germany.

Which companies have the highest market share in the Fund Management Activities industry in Germany?

The company holding the most market share in the Fund Management Activities industry in Germany is Allianz Asset Management Gruppe.

How competitive is the Fund Management Activities industry in Germany?

The level of competition is high and increasing in the Fund Management Activities industry in Germany.

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