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Paper eres2007_324:
Open Ended Funds in Germany: Crisis and the Incoming Reform

id eres2007_324
authors Sotelo, Ramon
year 2007
title Open Ended Funds in Germany: Crisis and the Incoming Reform
source 14th Annual European Real Estate Society Conference in London, UK
summary Open ended funds run into a serious crisis towards the end of 2004. Several reasons came together: The construction of the vehicle, the week German property market, discussion on valuation of the property, and the ongoing discussion on the introduction of REITs in Germany. Shortly after the presentation of the German REIT-regime by the German government, the German Ministry of Finance presented a proposal for a reform of the open ended funds in January, 2007. In a first section this paper analyses the reasons for the crisis of German open ended funds. Based on this analysis, the main possibilities of solving the liquidity problems of open ended funds are described in a second section. With these analytic instruments the proposal of German ministry of finance is in a third section described and evaluated.
series ERES:conference
discussion No discussions. Post discussion ...
ratings
session Session G6: German Investment Market
last changed 2009/11/19 09:01
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