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Funds of funds prove popular.
(From Die Welt)
Funds of funds are reported to be benefiting from pressure on German investors to purchase before the end of the current year owing to the loss of certain tax advantages for those investing as from January 2009. In the first seven months of the current year, funds of funds showed an inflow of 7.4bn euros, more than double the inflow into money market funds, which enable investors to avoid risks and generally account for the lion's share of new investments. Altogether, at the end of June, assets in funds of funds amounted to 51.2bn euros. Companies are launching a large number of new funds of funds onto the market: according to the German asset …
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