Federal Association of Real Assets and Investment Assets

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The Federal Association of Tangible Assets and Investment Assets e. V. , until 2013 the Association of Closed Funds eV (VGF), based in Berlin, is a former German industry association for companies and investment vehicles that offer and manage investments in tangible assets within the framework of the Capital Investment Code. He was integrated into the ZIA Central Real Estate Committee on January 1, 2018 .

history

The association originally represented the interests of the providers of closed-end funds in Germany. His tasks were to provide information about the type of investment in closed-end funds and to influence the legislature with the aim of achieving stable economic, legal and tax framework conditions for closed-end funds in the long term. It had 63 member companies, including 41 providers of closed funds and 22 sponsoring members. The providers organized in the VGF raised an investment volume of EUR 5.09 billion in 2012 and managed an investment volume of around EUR 142 billion, which corresponded to around 70 percent of the total market at the time with an inventory volume of EUR 199 billion.

On June 26, 2013, the general meeting decided to rename it to its current name and to open up the branch association for all forms of real assets according to the KAGB. On January 1, the BSI was absorbed into the ZIA Central Real Estate Committee .

The providers organized in the BSI jointly managed an investment volume of around 127 billion euros. In relation to the total market in Germany with a managed fund volume of 195 billion euros, the BSI represented 66 percent of the closed-end fund market .

Web links

Individual evidence

  1. ↑ bsi takeover brings 24 new members to the ZIA. Retrieved January 26, 2018 .
  2. ^ Membership directory of the VGF ( Memento of December 28, 2009 in the Internet Archive ) (PDF; 695 kB)
  3. ↑ Directory of supporting members of the VGF ( Memento of March 8, 2014 in the Internet Archive ) (PDF)
  4. ↑ Name change and realignment ( Memento from September 24, 2015 in the Internet Archive )