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Still a long way to go for Italian and Dutch GOEF liquidations

Changes to the legislation governing German Open-Ended Funds (GOEFs) this year seem to have been well received. The overall value of the sector has stabilised and new fund launches are being planned. Yet the legacy of the crisis is not over and we remain concerned by the potential for asset liquidations in Italy and the Netherlands to generate further falls in property values over the next 1-2 years.

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