000			01172cab a2200181 4500
001			##L132755
008			060307n2006 000 0 eng u
035			_a(Sirsi) u132755
041	0		_aeng
245	0	0	_aFund sector rest in pieces
260			_c2006
490		0	_aEuroProperty _vMarch 2006, 16-17(2)
520			_aAt this point in time, the future of German open-ended funds looks unsettled. This crisis is not new. In the autumn 2004 the industry was shaken by poor performance and a bribery investigation. At this time, four funds launched a transparency initiative, but it lacked any significant action. This time, the German fund association, BVI has responded with a big package of reforms, promising greater disclosure on values and rents. However, some proposals have caused a stir in the property industry. For instance, new investors wanting to invest more than 1m Euros will have to agree to a 12-month notice period, which defeats the object of open-ended funds. Further details of the BVI reform proposals can be found in this article.
590			_aIKA140306
650	2	4	_aGERMANY
690			_aPROPERTY-PROPERTY FINANCE AND INVESTMENT
942			_n0
999			_c76606 _d76606