Degi, part of Aberdeen Property Investors, will end the three-month suspension of redemptions for its Degi International fund effective 30 January 2009. It is the first of 12 temporarily frozen German open-ended funds to end a ban on withdrawals implemented in end-October. Credit Suisse Asset Management, Morgan Stanley, AXA, KanAm grundinvest Fonds, Pramerica and SEB all announced last week they are extending the ban for an additional nine months as they fear a new massive wave of redemptions from investors.
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