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Month: November 2014

Germany Estate

SAMONIG AG offers ecologically-oriented alternative, Berlin the 28.02.2011. At first glance, you might think, real estate loans, and real estate funds, but something like this should be the same. Far from, although both forms of investment are State-controlled. An open real estate fund is a tradable free and mostly through banks form of real estate investment. The fast availability, with the exception of the great advantage of course the funds that are currently transitionally therefore closed, because they would fear to large capital outflow and then to sell real estate at dumping prices, facing the disadvantage that the Fund can never can be invested and therefore only difficult profitably apply a portion of the money to one hundred percent into assets.

In addition the investor don’t know usually where exactly he has actually invested in his Fund. The risk of possible capital loss not is so far anyway, because the underlying real estate are very conservative. In any case, is still No bankruptcy of an open-ended real estate funds in Germany has become known. The loan is in regard to the capital guarantee something riskier offers but on the other hand very much higher yields. While investors in open-end real estate funds in the fourth quarter of 2010 with an average performance over all, are free for private investors to purchase and are for at least a year on the market, from 0.45 per cent had to settle in the fourth quarter, the real estate debt the average are between 6.5 and 8.5 percent per year. The provider of open real estate funds are even glad to know a Valley ride of negative performances behind them. For the millions of savers, who have trusted this system, might this but really no consolation. What is it and why are the average expectations real estate bonds but significantly higher? Maybe it becomes clear when you realize that both forms of participation actually no link between maybe with the exception that they invest in real estate.

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German Products

With the new Fund of the NPL investor GmbH & Co KG first given the opportunity is interested private investors, to invest their money in a very young, but still fast-growing market. You’re tired with all products comparable”to be? Want to can you offer their customers a truly unrivalled product? Well then you should continue reading now. For 20 years, we are in the distribution of investment products. Of course, not all of us have also works products sold to the customer. For many products, the time has shown that the required protection of the capital for the customer has simply lacked.

Some plant located in hindsight as too speculative and too many non-modifiable factors “depending on showed. Many products were and are but also honest products. We have been physical gold”sold, as many had not yet recognized this hype, as a result many of our customers have money of course also good. It should be also. Earlier this year we then caught up with the German society for Grundbesitz AG of Leipzig at the table. Included in our discussion we have the Internet portal”, to get also expert advice from a third party. Us the product NPL “fascinated, due to the actual security for the applied capital of customer and revenue opportunities. We have not had even a such fair and good combination in the last 20 years in our product portfolio.

Then we have set together with our attorneys about a product design. One of the best and fairest products which you can currently draw on the capital market is come out from our point of view. The NPL name debt Verschreibung the F + F financial investments from Leipzig. Initial customer discussions have shown that our product is exactly what the customer is looking for. Transparent security with good yield. Are you looking for something for your customers? Then you talk to us about a distribution agreement. Admittedly, we don’t pay commissions utopian, because our product from the cost side is produced almost unmatched on the Market. Mr Hartung is pleased about your phone call or a visit to our homepage

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Inflation Protection

Closed investments as inflation hedge Marburg (January 28, 2011) – first early indicators point to a rising medium-term inflation. For savers, but inflation represents a frontal attack on their assets. Closed-end funds can offer an appropriate solution. Inflationary concerns are no longer the business of the pessimists that more and more leading indicators in the medium term indicate an acceleration of the inflation rate. Around the world continue sustained low interest rate policy in the wake of the economic and financial crisis led to a literally flooding of the markets with liquidity.

In combination with the fast economic growth in emerging markets, this fact with a time lag generated a corresponding demand pull, which priced strong rise in particular primary products and raw materials. So, for example, the price of oil has doubled now since its intermediate low in the spring of 2009. According to Federal Statistical Office there was a rise in prices by 1.8% compared to the previous month in December alone. Wholesale prices 2010 increased an average of 5.9% in the Federal Republic. The increase in speed was as high as last in the wake of the second oil crisis in the early 1980s. The transmitted rolling of this imported inflation on the cost of living seems to be only a matter of time. Although speak some fundamental framework data such as industrial overcapacity and the price wage upward spiral still not in gear against a short blast of inflation could be the emerging development perpetuate in the medium term is, if central banks don’t adjust their interest rate policies. This however is given through interest rate increases not necessarily expected induced increase of the operation of debt against the background of the debt crisis economically still shaky economies and a, because now the ECB sees itself here in the dilemma between the fight against of emerging inflationary trends, fiscal stabilization and monetary support of the Economic growth started.

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Brave New World

Thorough analyses clearly demonstrate that investments in solar funds are just extremely interesting in the near future. Solar funds are since the restructuring of the recent Photovoltaikgesetzes to the 01.04.2012 the focus of investors. God and the world are wondering again and again whether such changes alter the environment of the solar funds and to what extent it should continue to draw solar Fund. Since the introduction of the EEG, which means renewable energy Act, 12 years ago the State guarantee of acceptance under the normal electricity charges of the consumer, which revealed significant opportunities for the first time. Solar Fund will experience a new cycle of demand with the help of this policy correction. It has with certainty the effect that solar fund new models need to be prepared for, to make the new framework conditions in the calculation of solar fund issuers.

Solar funds are likely to suffer as well by a possible ban on ground-mounted plants in Germany. Some solar Fund reviews confirm that conversion regions quite are likely to be rare, on the other hand fallow farming as well as commercial and industrial space seemingly en masse are available, to cover the needs in the same sense in addition. An alternative prerequisite for lucrative green power marketing seems a significant cost and price cut at the system level. Also at this point, issuers for solar Fund have done their homework, because such tendency should be implemented gradually in the following years. The innovative design can undoubtedly in the worst case when exit from the EEG are considered, by contrast, is gradual noted that solar fund guarantee future positive returns despite all this. The green electricity is still protected due to the priority scheme and purchase obligation of the network operator. PV should be equally in the future positively positioned in the Federal Republic plants for solar Fund, especially as the EEG guarantees the State guarantee of acceptance until the year 2016. Alone the amount may vary in the future.

The risk for the Cancellation of the EEG is quite tiny, because the environmental target in Germany up to the year 2030, the year 2050 to 30% of energy needs from clean energy even 80%. Especially a sector would have to win for this reason, the solar Fund. Solar Fund commitment would have low system prices and new EEG marketing models below for more mobility: operators of large plants have the opportunity through direct sales dealer to increase the income, which would help many solar Fund. Solar funds have large assets of direct marketing outside of the EEG due to rising electricity prices. Direct solar funds obtained through the market premium (anchored in the EEG) under current conditions of fascination. Also the power will be in the future about the feed-in tariff for large PV installations, solar Fund.

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What Borseneinsteiger of equity funds should not only know if they want to invest in the emerging markets an equity fund is a form of investment fund, which invests mainly in equities. These shares can create an index or a particular investment idea (regions/countries, technologies, industries, corporate ethics such as environmental, religious standards, etc.). With purchase of shares in an equity Fund (represented by share certificates, which the securities account be kept in) so is shareholder of a whole share package, which was put together as an investment strategy. Seen the late of 1990s primarily technology companies in Western Europe and Northern America, the opportunities you want to have part as a shareholder for a few years also in the positive development of emerging countries (China/Hong Kong, India, Brazil/Latin America, Eastern Europe, Africa). Because it is on the one hand is still difficult, the necessary information about interesting shares and above all the sense of the distant market to get and on the other hand the Not necessarily sufficient – if at all – on the local stock exchange are traded, it is little recommended, even the stock-picking to make shares for private investors. Investments in appropriate equity funds are better suited.

Criteria for the selection of a Fund are liquidity/flexibility (how quickly and easily I the Fund sell, if I no longer want him), investment idea (orientation of the Fund) and the willingness to take risks/investment strategy of the investor (low risk = asset preservation or higher opportunities and risks = asset propagation). Note: equity funds – especially such opportunities also among the riskier investments such as stocks and emerging market funds – should make up only a part of the investment (-> see investment). Exchange-traded funds compared to equity funds, right when you buy over the Bank of the fund company, offer greater flexibility at lower costs (no task rash). They’re called Exchange-traded funds -ETFs. Earlier were traded only index funds on the stock exchange and the term ETF often used interchangeably for index funds – for it is required Yes No expensive fund management because they replicate only a stock index (= passive Portfoliomanagment). Meanwhile, too many other equity funds on the stock markets are listed. After this you must however explicitly ask or search by themselves, because since the banks of them earn most no Commission, they do not have that in their recommendation repertoire.

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DCM AG Engines

The DCM AG is continuing its successful aviation Fund series and offers with the ‘ DCM GmbH & co. engine Fund 1 KG’ their first pure aircraft turbine Fund. Munich, 10.05.2012. For this offer, the Munich put on a powerhouse”from up to three engines of the type GE90-115B, as well as two of the largest and most trusted companies in the aviation industry: at General Electric, one of the largest conglomerate in the world, which is the manufacturer and service provider of Fund engines and Emirates as a lessee, who is considered one of the fastest-growing and most profitable airlines in the world. All contracts completed this set over the entire term of the Fund. Emirates also transferred all operational costs during this period.

The GE90-115 B-engine is the most powerful thrust, civilian engine of the world and specifically designed for the long-range Boeing-777-300ER aircraft with a range of 14.685 km. Dubai’s biggest airline Emirates relies heavily on this aircraft model and in addition has the already in the service ordered 61 machines recently more 90. A particularity of DCM engine Fund 1 is the investment in so-called Exchange engines. These are used when the original engines of an aircraft in service. Way to avoid costly downtime of the aircraft, while the turbines are maintained. Engines are considered it extremely value stable. “Special advantage is that General Electric all services from a single source” offers: with the Division of GE Aviation and its subsidiary leasing company GECAS, the group occurs at the same time as manufacturer, leasing Manager, and remarketing agent for the Fund. Also, the maintenance of the engines from GE-Aviation is performed.

Because GECAS on the later proceeds to participate also with highest care in the maintenance and the prospect of a high selling price is guaranteed. For resale after the end of the leasing and fund duration was a conservative sales approach by 15 to 20 percent among the still Subordinate assessor values. The up to three engines to be financed with a total investment of $ 73.5 million. Investors can participate from $ 10,000 plus 3 per cent premium. The runtime is encouragingly short with only 7.5 years. Despite the high equity ratio of approximately 58 percent (placed capital $ 42.5 million including premium) a continuous distribution is offered by seven percent per year for a total cash return by 161 percent before personal tax of the investor. Alfred Dietrich, Sales Director of DCM AG, brings the stability formula of the first engine Fund of DCM to the point: income stability over the entire term, based on a stable value asset, fixed leases and strong contract partners. In conjunction with an interesting ROI forecast, we open up the opportunity to participate in a highly economic, security-oriented participation offer investors thus.

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Santander Customers

Lawyers set damages for Santander customers through a reopening of the Santander asset management funds Kapitalprotekt P (WKN SEB1AA / ISIN DE000SEB1AA9) is increasingly unlikely. Through the liquidation of CS Euroreal and SEB Immoinvest, two open-ended real estate funds in which the Kapitalprotekt has invested P, investors will have to wait possibly on their money until the end of the winding-up of SEB Immoinvest and CS Euroreal, were estimated for the period of 5 years. Whether they ever fully get their money back, is currently completely open. This is especially bad for investors, which as part of their investment advice or the SEB/Santander asset management of the Fund as safe and always available at the Depot has been given. The former SEB asset management customers Bank was recommended late 2008 the diversion of their funds very conservatively applied as a safe part of the assets in these funds. But the Fund was always uncertain over the years, the risks increased dramatically. The background is that open Real estate funds, in which large parts of the Fund’s assets are invested have only suspended the redemption and later decided its liquidation. Thus created risk, which are not compatible with a safe, conservative investment.

Many asset management clients were been transferred Bank with retail banking of the SEB to the Santander Bank, were not informed about this development. Also fund shares were not sold by the asset management, what they would have been required in our opinion. We see good opportunities to get fully back their invested money in the form of damages for asset management customers of Santander Bank, which have the Santander asset management funds Kapitalprotekt P in their management Depot. We are for an assessment of their personal situation and your legal options. Call us, we know how investors come into their own.

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House Tax

The tax authorities must back row Media Fund… but only for the part. Investors face continued losses. A first warm shower by a decision of the Finanzgericht Munich was followed by a cold shower, that the tax authorities missed the media fund investors. Media funds were long considered wonderful tax shelter. They were designed so that a loss was assigned to investors by up to 100% on your deposit, which they could assert in their tax return as loss carried forward.

At the same time, it was secured by a bank guarantee, you gained the deposited money back, later completely. Many wanted to miss out is not, why Media Fund went like hotcakes. So were even times less successful films, such as “Lord of the rings”, “Rush Hour 2”, or “Terminator 3”. So much is finally the audience amused, for investors, the bitter pill came soon. Because the tax authorities not played just in the whole. Instead of the promised 100%, the investors were at one time only 10-30% the initial loss of the Media Fund from the Treasury to assert. Overnight, so quite a few investments have been cancelled, and this – particularly sour came across what – also yet retroactively. At one time, substantial tax arrears threatened investors.

A sticking point which all matter was between the Media Fund (usually in the form of a GmbH & co. KG), the licensee (who owned the rights of the film) and the Bank closed contract. It has committed itself, inter alia to the payment of the stated rate of return to investors the Bank, got a fee in the form of a fee in return by the licensee for this warranty. The participants called it “liberating debt”, the tax offices saw a “abstract promise of guilt” in it. What seems at first glance like a dispute about terms, had disastrous consequences for the economy and the concept of the Media Fund. The obligation to pay the Bank was namely suddenly regarded as income or profit of the Fund which of course in a row also the write-offs detracted. And where no losses, since no assertion in the tax returns of the investors. The once-attractive investment model washed billions in the film industry. Now, tax payments were the affected millions in the House. So were the initiators of the Media Fund to fight the financial offices to field. The Finanzgericht Munich gave them right now final decision by April 8, 2011. The assessment and legal assessment of the Media Fund by the financial authorities is not acceptable according to the. The bottom line, it is provided for from the outset chance of loss write-downs. A big “But” is however unavoidable. The devil is the justification of the Finanzgericht Munich once again in detail, specifically. Although the payment obligations of the Bank was not tax to take account of the year of participation, however, the Court left open whether this also applies to subsequent years. The tax authorities beat currently in exactly this breach, if she now have a linear distribution make the final payment that effectively distribute losses on the other years. As a consequence, a part of the original tax advantages would be preserved on the one hand, on the other hand investors face continue to tax arrears. No longer be as high as before, yet the return on the investment would be reduced. Media Fund clearly played out. by: Bernd Rechtsanwaltsgesellschaft mbH Holger Bernd lawyer Wilhelm-Weber-str.

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German Investment

The closed-end funds ILG is the selection process of the summary prospectus-check Fund No. 37. The Fund is designed as investor-oriented. The summary prospectus check demands high investment levels, low soft costs, and a solid use of the liquidity reserve. Furthermore, funds characterized by a mostly positive performance record and a serious initiators occurrence with a positive rating. Only about 15 percent of the audited funds receive brochure check a positive conclusion. The ILG Fund No.

37 has undergone the summary brochure-check positive and is thus available at conclusion GmbH in Altusried im Allgau for investors. Managing Director Hans-Peter Walter Kugler sees the benefits of the ILG funds especially in the location and tenant mix, the high liquidity reserve and reserves for maintenance and revitalization. The bottom line-brochure-check to the ILG is available as a pdf download and youtube video on Fund No. 37. Hans-Peter Walter Kugler with the summary brochure-check filters white”closed-end funds in the gray Capital market. Since the formal BFin prescribed since 2005 provide no security seal, is testing the commercial viability and plausibility of funds via an intermediary for Walter Kugler of central importance.

The summary prospectus-check provides therefore figures for the level of investment, the soft costs and to use the liquidity reserve, as well as a subjective assessment by Walter Kugler. We do not select funds according to the highest Commission. We do exactly the opposite.” Recommended for the brochure check judgment conclusion”a closed-end Fund must have an investment level of at least 85 percent. Walter Kugler does not check Fund below 80 percent. The summary prospectus check represents the interests of the investor when determining participation in the foreground. The conclusion of investment brokerage and asset management operates in the entire financial services sector. Sabine Walter Kugler is a competent contact person for retirement plans, insurance and financing. Hans-Peter Walter Kugler is a competent contact for open and closed investment funds. He analyzed and selling closed-end funds for twenty years. Twelve years he worked at a major German bank. 1997 Walter Kugler has been independent financial advisers. He writes articles about closed-end funds (e.g. for performance, investment, real estate newspaper and euros on Sunday here with warnings in 2001 to fund by Falk and DBVI) since 1999. At seminars, he explained his approach to choosing a participation so far about 2,000 participants. CONCLUSION GmbH investment brokerage and investment advisory services Hans-Peter WALTER KUGLER (banking specialist) Kempten Street 2 87452 Altusried Tel. 08373 98 77 0 fax 08373 98 77 10

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