PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
German open funds show first-ever return loss in 3Q10
The performance of German open-end property funds was negative in 3Q10 for the first time ever, according to international fund measurement group IPD. Its OFIX-All, capturing public funds older than one year, showed a total negative return of 0.62% after a small gain in 2Q10. GOEFs are under strong pressure after proposed legislation changes; three are liquidating.