Deka Immobilien registered a 25% increase in inflows into its open-ended property funds in January, indicating an improvement of market sentiment ahead of the introduction of new regulations for the industry, the German fund manager said.
Deka Immobilien registered a 25% increase in inflows into its open-ended property funds in January, indicating an improvement of market sentiment ahead of the introduction of new regulations for the industry, the German fund manager said.
Deka's ImmobilienEuropa, ImmobilienGlobal and WestInvest Interselect collected a combined EUR 400 mln in January, up from EUR 320 mln in the same period a year before. Of the total inflows, EUR 270 mln derived from reinvestments of dividends paid by Deka-ImmobilienEuropa und Deka-ImmobilienGlobal.
'We are back to the level seen in previous years,' commented Torsten Knapmeyer, managing director of fund management and product development at Deka Immobilien and its sister investment company WestInvest. 'We are also confident about the rest of the year,' he added.
According to Knapmeyer, the figure is an indication that the product strategy introduced by the company is the right one. 'The model of the open-ended property fund industry works for private investors. The regulations in force from next year, and the Investor Protection Act will increase the confidence of private investors in this product.'
