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- German Property Breakfast
14 February 2012
Stockholm
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22 February 2012
London
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03-04 May 2012
Vienna, Austria
German BVI says sure no valuation discount imposed on property funds
The German investment fund association BVI has called for calm among investors in open-end property funds after German government proposals for, among other things, a 10% discount on valuations across the board sparked a a wave of certificate redemptions this week, and fund closures. BVI said the Berlin proposals, published on Monday, are a contribution to a discussion on legislative changes, and the law-setting process has not really begun. "We are sure that the concept will be considerably changed; in particularly we firmly assume there will be no valuation discount ordered by the legislator," BVI Managing Director Stefan Seip said in a statement. (See upcoming PIE Editions for full story)