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German Open-End Real Estate Funds

Steffen Sebastian and Till Strohsal
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Steffen Sebastian: University of Regensburg
Till Strohsal: Institute for Statistics and Econometrics

A chapter in Understanding German Real Estate Markets, 2012, pp 301-313 from Springer

Abstract: Abstract This chapter discusses German Open-End Real Estate Funds (OEREFs). We discuss essential aspects of the institutional design and legal environment including the 2011 law reform of the German Investment Companies Act (InvG). Historical performance, size and portfolio composition are characterized. Finally, this chapter reviews prominent approaches to explain the success of OEREFs in Germany.

Keywords: Investment-Gesetz; liquidity crisis; performance; regulation (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-642-23611-2_20

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DOI: 10.1007/978-3-642-23611-2_20

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