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German property funds start to reopen as pressure eases

Posted on 07 July 2009

From Wealth-bulletin.com: German open-ended property funds are set to turn the corner “earlier than expected”, eight months after funds holding half the assets in the sector stopped investors from withdrawing their money, according to analysis by a property services company.
The sector has been under significant pressure since October, when 12 funds with about €31bn ($43bn) between them imposed gates to stop investors removing their money………Full Article: Source


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