German funds boost foreign stake

German open-ended real estate funds have boosted their investment in foreign countries to 70.3% at end March 2009 from 68.6% a year earlier, according to figures from BVI Bundesverband Investment und Asset Management, the sector organisation for the German investment and asset management industry. The funds' home market Germany now accounts for 29.8% of the total compared to 31.4% in the year-earlier period.

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