22.04.2013 - Germany: Regulator puts Reits into turmoil
The $825bn real estate investment trust industry could be thrown into turmoil by a controversial decision by BaFin, the German financial regulator. BaFin has proposed that German Reits should be regulated as investment funds under the EU’s Alternative Investment Fund Managers Directive, due to come into effect in July. This would bar many equity funds from investing in Reits, unless they are created as “funds of funds”. It would deter investment from countries such as China, which restricts holdings of foreign funds...............................................Full Article: Source
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