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German open-ended funds ‘to dominate home market in 2009′

Posted on 07 October 2008

From Propertyeu.info: German open-ended funds (GOEFs) are likely to embark on a bumper shopping spree next year both at home and abroad following massive inflows this year which have left them with sizeable capital to place, according to Sascha Hettrich, a managing partner at King Sturge in Berlin.

‘German open-ended funds are likely to dominate their home market next year - they have learned to buy and sell at the right time in the cycle. I have spoken to fund managers who tell me that they are seeing inflows of EUR1 mln to EUR3 mln a day at the moment which they are very keen to invest,’ he said….. Full Article: Source


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