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13 February 2012

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German funds unsettled by renewed Degi, Axa closures

In a move renewing concerns about the structure of German open-end property funds, Aberdeen Property Investors' Aberdeen Immobilien has, once again, suspended redemption of certificates in its DEGI International fund, while Axa Investment Managers, controlled by the French insurance group, was obliged to make the same move for its Axa Immoselect fund.

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