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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: TobagoJack who wrote (58424)4/19/2006 10:51:27 AM
From: shades  Read Replies (1) of 110194
 
DJ Investors Pull Out EUR1.356B From Deutsche Bank RE Fund

(german real estate Dear General?)
.

FRANKFURT (AP)--investors have withdrawn EUR1.356 billion from property fund Grundbesitz-Invest since Deutsche Bank AG (DB) reopened in March, according to information provided by the German Association of Investment and Asset Management Wednesday.

Deutsche Bank's real estate unit DB Real Estate froze the fund in December, barring investors from selling their stakes, and later devalued it by 2.4%.

The move caused widespread insecurity among property investors and led to a capital flight from this investment form.


(END) Dow Jones Newswires

April 19, 2006 10:45 ET (14:45 GMT)

Copyright (c) 2006 Dow Jones & Company, Inc.- - 10 45 AM EDT 04-19-06
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