Lender HypoVereinsbank (HVB) is offering access to the German real estate market with its open-ended index certificate tracking the FTSE EPRA/NAREIT Germany Net Total Return Index. The index is based on the performance of shares of the largest publicly-traded property firms in Germany. The new certificate will allow real estate investors to broaden their exposure to the real estate market as well as will give the prospect of participating in the first German real estate investment trusts. On 1 January 2007, Germany introduced real estate investment trusts (G-REITs), which are basically tax-efficient investment vehicles that feature an obligation to redistribute to shareholders at least 90% of profits as dividends.
Lender HypoVereinsbank (HVB) is offering access to the German real estate market with its open-ended index certificate tracking the FTSE EPRA/NAREIT Germany Net Total Return Index. The index is based on the performance of shares of the largest publicly-traded property firms in Germany. The new certificate will allow real estate investors to broaden their exposure to the real estate market as well as will give the prospect of participating in the first German real estate investment trusts. On 1 January 2007, Germany introduced real estate investment trusts (G-REITs), which are basically tax-efficient investment vehicles that feature an obligation to redistribute to shareholders at least 90% of profits as dividends.
