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14 February 2012
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22 February 2012
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03-04 May 2012
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German open property funds have E3.2bn inflows to E87bn total in 2009
German open-end property funds ended 2009 with total capital under management of E86.8bn, having taking in a net E3.2bn over the year, also boosting the number of property fund savers to 20% of all fund investors from 14% in 2008, according to German fund association BVI. Net capital inflows to the 44 OEFs have varied widely over recent years, with nearly E15bn flowing in during 2002, and just under E14bn in 2003, followed by net outflows in 2005 and 2006 due to relatively high returns in, among other assets, money market funds. The inflows resumed in 2007 - at E6.6bn - but fell back to just E600m in 2008, prior to last year's improved result. (See upcoming PIE editions for full story)