BVI figures reveal scale of funds' outflow crisis

November 2004
EuroProperty;2004, p14
Trade Publication
This article reports that September's capital inflow figures for German open-ended funds, supplied by BVI, provide the first chance to gauge investor reaction to corruption investigations in the sector by the public prosecutor. The sector lost €14m in September compared to an inflow of €161m in August. The main losers were Deka Immobilien Investment, with outflows of €457m, while Degi performed well with inflows off €314m. The outflows mainly reflect dissatisfaction with domestic funds. INSET: Frankfurt leaves Deka with that empty feeling.


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