More money flowed into German real estate funds in October 2006 than in any month since January 2005, according to new figures published by BVI, the association for the German investment fund industry. Real estate funds attracted assets from stock and bond funds for a second straight month, with net inflows in open property funds reaching EUR 529.6 mln in October, the BVI said.
More money flowed into German real estate funds in October 2006 than in any month since January 2005, according to new figures published by BVI, the association for the German investment fund industry. Real estate funds attracted assets from stock and bond funds for a second straight month, with net inflows in open property funds reaching EUR 529.6 mln in October, the BVI said.
Investors added EUR 1.2 bn to real estate funds in January 2005, BVI spokesman Andreas Fink told researchers at merchant bank Kempen & Co. But investors withdrew EUR 8.6 bn from property funds in the first nine months of this year including EUR 7.5bn in the first quarter alone.
