Investment Directive: Classification of Investments in Forests as Real Estate?

It is reported that the German Insurance Supervisor BaFin will not object, if investors under supervision allocate investments in forests to the real estate property quota as long as all further requirements according to Par. 2 (1.) Nr. 14 of the Investment Directive are met (e.g. direct acquisition, shares of companies that exclusively manage forests, shares in funds, that invest in forests).

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