Frankfurt (Deutsche -Boerse AG) – At the Frankfurt stock exchange, the demand for comparatively secure money market funds increases. In the event of falling courses, many investors had separated from their equity funds. Apparently only a few trust the latest relaxation.
July 3, 2025 Frankfurt (Frankfurt Stock Exchange). Despite – or precisely because of – new records on many stock markets, investors are increasingly careful. The order sales in the past month deliver a first indication of this. Accordingly, the activities in money market or money market-related funds have risen. Their share of the total sales of all active funds rose to 13.2 percent in June. In the first five months of the current year it was only 5 percent on average, and only 3 percent in May. The highest sales of all investment funds also recorded a fund from this area with the CB Money Market Germany IA AD (LU0052221412).
High interest in money market funds
According to Matthias Präger, the development is due to a significantly increased demand for money market funds. “We see very high sales in this segment and almost without exception on the buyer side,” explains Baader Bank fund dealer. The FT Accugeld AC EUR (DE0009770206) and the Franklin US Dollar Liquid Reserve Fund (LU0052767562) are also often bought. The investors apparently consciously accept the currency risks. Since the beginning of the year, the euro, strengthened compared to Greenback, has provided a price drop of more than 11 percent at the fund. A trend reversal of the exchange rate would also inspire the performance.
Many smaller orders for real estate funds
It is also striking that five real estate funds frolic among the top 10 of the sales ranking in June. At the very front: the house invest (DE0009807016) and the property in Europe (DE0009807008). In this segment, the relationship between purchases and sales is largely balanced, reports Ivo Orlemann from ICF Bank. The dealer sees many smaller orders on both sides of the market. The focus is also on the DEKA real estate Europe (DE0009809566) and the Uniimmo: Europe (DE0009805515).
Equity funds affected by stop-loss sales
Both traders speak of a comparatively quiet June. “It was exceptionally little going on,” explains Orlemann. Baader Bank’s customers were still very active in the recent correction phase at the European stock markets. “We had quite high sales during the downward movement,” says Präger. Triggered stop courses led to increased sales. He reports taxes for the DWS Germany (DE0008490962), the DWS Top Dividend (DE0009848119), the Dirk Müller Premium Aktien (DE000A11ZF1) and the CT (Lux) European Smaller Companies (LU1864952335). When the stock markets turned up again with us, it became much calmer in the fund trade.
Pension funds are asked again
The share of sales of the equity funds fell significantly in June. At 38.4 percent, the lowest value was marked by far in the current year. On average, it was previously over 45 percent. In addition to the money market funds, pension funds increased – albeit from a very low starting level. The proportion rose from 3.6 percent in the first five months to 7.8 percent in June. The German Floating Rate Notes (LU0034353002) was particularly in demand, which invested in state and corporate bonds with an average term of a maximum of twelve months and achieved an increase of 3.4 percent at the annual perspective.
By Thomas Koch, July 3, 2025, © Deutsche Börse AG
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