German open-ended property funds recorded EUR 3.1 bn in net inflows over the first six months of 2009, bringing total fund volume to EUR 87.5 bn at end-June compared with EUR 87.2 bn in the year-earlier period, fund industry body BVI reported on Tuesday.
German open-ended property funds recorded EUR 3.1 bn in net inflows over the first six months of 2009, bringing total fund volume to EUR 87.5 bn at end-June compared with EUR 87.2 bn in the year-earlier period, fund industry body BVI reported on Tuesday.
In terms of total volume, open-ended property funds were the third biggest investment category in the first half after equity funds (EUR 155.7 bn) and interest rate funds (EUR 144.1 bn). In June alone, open-ended funds raised EUR 0.9 bn in new equity, BVI said.
