TD News International
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.
Subscribers to our premium service have access to this article in full as well as to an additional 450,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany's leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.