Germany’s BaFin Head Sees More Risk With Smaller Property Funds

Germany’s top financial watchdog BaFin sees considerable risks for private investors in open-ended real estate funds and other such financial products, its president was quoted as saying.

Open-ended real estate funds are legitimate products, but it’s crucial that they’re sold correctly and fairly, Bundesanstalt für Finanzdienstleistungsaufsicht chief Mark Branson told Süddeutsche Zeitung newspaper in an interview. “Advice is not always advice; often it is sales-driven,” he added.