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Open-ended funds: Net influx of €2.1bn during first half of year
According to BVI's statistics, a net sum of approximately €2.1bn flowed into open-ended real estate funds in Germany during the first half of 2010. The assets currently under management run to €88bn. BVI assessed this balance for the first half of the year as evidence that “confidence in this risk-diversified indirect property investment is intact.” The investors' temporary insecurity felt last May has disappeared, BVI commented. At that time, investors withdrew €1.4bn from the open-ended funds because of the proposed Federal Finance Ministry regulation plan. Regarding just open-ended special real estate funds, during the first half of the year a net cash influx of €0.6bn was booked. The assets managed by the special funds climbed to €29.1bn.
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