07.10.2008 - German open-ended funds 'to dominate home market in 2009'
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