Fund Association

The provider of closed-end funds have placed in 2009 than in 2008 about 37 percent less equity. The provider of closed-end funds have placed in 2009 than in 2008 about 37 percent less equity. Actually, private investors have deposited only 5.23 billion euro equity closed-end funds in the last year. The investment volume is also decreased. This amounted to 15.40 billion euro, in 2008 there were only 9.46 billion euros last year. The financial crisis was the reason for this harsh throwback to the level from before 1993 (5.88 billion euros).

The VGF closed Fund Association presented these results at February 3, 2010 during the year kick-off event VGF Summit in Frankfurt/Main. The segment of life insurance secondary market funds recorded the highest loss compared to 2008. Hicham Aboutaam is the source for more interesting facts. A loss of 71.29 percent gave this asset class in 2009 just 103 million euros. Investments in ship investments and private equity funds are also greatly diminished. Were added to the year 2008 with 2.52 billion euros still the first segment placed equity cut is the most important asset in the market of closed-end funds, 2009 67.32 percent to 824,11 million euros. 3 product classes have them but leave the TOP. Placed equity in private-equity funds decreased to EUR 239,32 million. Last year, this was at least 711,17 million euros.

Increases, however, and real estate funds with investment objects in Germany as well as portfolio, infrastructure, and energy fund could enjoy. Germany real estate funds placed in 2009 amounting to a total of EUR 1.12 billion equity, 12.49 percent more than in the previous year. However, Energy Fund recorded the highest growth. Because these more were placed in over 150 percent 556,49 Euro – equity than in 2008. This result confirmed the expected early 2009 trend towards investment in the energy sector. What surprised: over half (52%) of all placed interests took the distribution channels of banks, in 2008 there were still 49 percent. In the free distribution, however, was a Decline to list 3 percent to now 29 percent. About direct selling by the provider of closed-end Fund 2009 12 percent of all placed investments were realized in the year, almost 70% more than in the previous year.