The profitable times for providers of real estate funds are over for the time being.
(Photo: imago images/imagebroker)
Dusseldorf, Frankfurt It is a worrying result: providers of open-ended real estate funds see the withdrawal of investor funds as the greatest risk for 2023. This is shown by a current survey by the rating agency Scope among 27 fund companies, which the company published on Tuesday. Around 14 percent of those surveyed assess their situation for this year as unsatisfactory or bad, a year ago no provider said this.
The fears in the industry are considerable because open-ended mutual funds in Germany are relatively well protected from sudden turmoil in the markets due to stricter regulation and, according to Scope, the concerns of managers were not yet reflected in higher termination rates on average at the end of 2022.
Scope sees no immediate liquidity risk for the funds for the current year either. After investing in a mutual fund, investors must initially remain invested for two years and can then only withdraw their money twelve months in advance.
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