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German open property funds see ¤300m 1Q inflows
09 May 2011, 04:40 PM
The 44 German open-ended property funds recorded net inflows of around ¤300m in first quarter 2011, despite the fact that 10 funds are still closed for redemptions and most of these are trying to generate liquidity for re-opening. Total assets under management slipped to ¤85.5bn from ¤89.9bn in 1Q10, according to federal investment funds association BVI. Commerz Real posted the largest net inflows with ¤267m.
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