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23 August 2010

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French OPCIs to expand, may cut 65% cap if German problem is avoided - ASPIM

French OPCI open-end property funds should grow soon to E8bn, and may boost attractiveness to private savers by cutting the 65% property cap if authorities are satisfied this will not spark liquidity crises and closures as in Germany, says Arnaud Dewachter, Managing Director of the French property funds association ASPIM, told PIE. (See PIE 156 for full story)

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