| From Bloomberg: Plans by Chancellor Angela Merkel’s government to make open real-estate funds more attractive to savers may backfire, killing off a 90 billion-euro ($110 billion) industry, said German’s biggest investment federation.
Four of Germany’s 45 funds froze their assets this year and more may follow as a planned compulsory writedown on assets such as property sparked a wave of cash withdrawals, said BVI group board member Barbara Knoflach. The measure is aimed at helping investors better gauge their stakes’ values amid “volatile” swings in prices, the draft government bill says..............................................Full Article: Source
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