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gif symposium on the fund industry in Frankfurt

  • Writer: Ronny Kazyska
    Ronny Kazyska
  • Mar 23
  • 1 min read

Updated: Mar 23

This week, I attended a symposium by the Society of Property Researchers in Germany (gif). The Indirect Investment Competence Group, headed by Prof. Dr. Steffen Sebastian and others, discussed the fund industry and the recession. As gif members, we got an in-depth insight into the current market situation of real estate funds.


The redemption of shares, devaluations, property sales, and critical media coverage are putting open-ended mutual real estate funds, in particular, under stress. BaFin lists real estate corrections as one of the six main risks of the year. The not yet legally binding ruling by the Nuremberg- Fuerth Regional Court on increasing the overall risk indicator (SRI) of open-ended mutual real estate funds joins the chain of negative reports. Mutual funds with an anonymous investor base prove to be more susceptible to panic reactions and redemptions in times of crisis. Institutional funds are more robust overall due to homogeneous investor interest.


The current situation also offers positive aspects despite all the uncertainties. The fund industry is certainly under pressure, but it is adaptable. Many market participants have clearly recognized the challenges and are already taking action. The focus is on long-term stability, solid locations, and active asset management. Those who help shape this development will emerge stronger from this phase.


All in all, it was an insightful event in a compact format. Many thanks to the organizers and my discussion partners.


Man at a business event
Ronny Kazyska
Two men at a business event
Ronny Kazyska u. Prof. Dr. Steffen Sebastian (IREBS)

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