C-QUADRAT Investment AG / Miscellaneous
08.01.2008
Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Retail sales of C-QUADRAT funds in Germany exceeded those in Austria for
the first time
Sales and marketing network in Germany expanded to more than 20,000
independent financial advisors
Historic opportunity for selling funds of funds created by the
'flat-rate withholding tax' in Germany
Vienna / Frankfurt, 8 January 2008. C-QUADRAT Investment AG (ISIN
AT0000613005), an independent European Asset Manager, is pleased with the
positive development of C-QUADRAT product retail sales in Germany. In
November 2007, the retail sales of C-QUADRAT funds of funds in Germany
exceeded the retail sales of C-QUADRAT products in its domestic market,
Austria, for the very first time.
As Alexander Schütz, one of the founding fathers and member of the board of
C-QUADRAT Investment AG, proudly stated: 'In November, barely six months
after starting our product sales and marketing activities in Germany, our
sales in the German market were approximately 50% higher than those in the
Austrian market, where we have been active for 16 years. This is a clear
indication of the dimension we entered when we decided to expand into
Germany.' Thomas Riess, also a founding father and member of the board of
C-QUADRAT Investment AG, added: 'We are still a long way from exhausting
our potential in this market; in fact, we have barely begun to tap into it.
Nevertheless, our start already looks highly promising. We will continue
striving to position C-QUADRAT among the most successful fund providers in
Germany. The excellent performance of our products will be an asset on our
quest.'
Sales and marketing network in Germany now exceeds 20,000 advisors
In total, the sales network for C-QUADRAT products in Germany was expanded
to over 20,000 independent financial advisors. In this manner, a dense
distribution network was created which includes the top independent
financial services companies as well as the independent brokers. At
present, the highly successful C-QUADRAT ARTS Total Return fund of funds
and the Trend-Following fund of funds, which have already won many leading
awards, in conjunction with capital-guaranteed certificates, make up the
main focus of the marketing strategy in Germany. With over 82 million
potential clients, the German market will remain central to C-QUADRATs
marketing efforts in 2008.
The introduction of the 'flat-rate withholding tax' in Germany creates a
historic opportunity for selling funds of funds
The significance of C-QUADRATs activities and investments undertaken in
2007 in the field of retail cooperation within Germany becomes especially
evident in light of the 'flat-rate withholding tax' which will become
effective in Germany in 2009. From 2009 onwards, the year the flat-rate
withholding tax takes effect, the sale of securities will be subject to a
flat taxation rate of 25% on any capital gains, plus a 5.5% solidarity
surcharge and, where applicable, church tax. However, any reallocation
within a fund of funds will continue to be possible without being subject
to the flat-rate withholding tax. This circumstance could be used to
achieve considerable additional income over conventional fund portfolios.
Furthermore, for fund of funds shares acquired prior to 1 January 2009,
any capital gains realized will remain untaxed, provided that the shares
were held for at least one year at the time of sale (speculation period).
This creates a historic opportunity for selling C-QUADRAT funds of funds
products in Germany, since C-QUADRAT is one of the few asset management
companies that has a long and highly successful track record in managing
funds of funds.
About C-QUADRAT:
C-QUADRAT, the fund company, is an independent asset manager that is active
throughout Europe. Founded in 1991, C-QUADRAT has had its own investment
company since 2003. Within a few years, the company, originally founded by
Alexander Schütz and Thomas Rieß, has grown to become a team of
approximately 100 employees. The C-QUADRAT team has established its
reputation throughout Europe with asset management, the analysis and
management of investment funds, and the conception of structured products.
Many banks, insurance companies and financial services companies operating
internationally rely on the expertise of C-QUADRAT.
Mag. Andreas Wimmer
Member of the Board
C-QUADRAT Investment AG
phone: +43-1-515 66 - 315
fax: +43-1-515 66 - 359
e-mail:a.wimmer@investmentfonds.at
http://www.c-quadrat.at/
Hieronymus Tupay, MSc
Corporate Communications
C-QUADRAT Investment AG
phone: +43-1-515 66 - 310
fax : +43-1-515 66 - 359
e-mail:h.tupay@investmentfonds.at
http://www.c-quadrat.at/
DGAP 08.01.2008
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Language: English
Issuer: C-QUADRAT Investment AG
Stubenring 2
A-1010 Wien
Österreich
Phone: (0043-1) 515 66-0
Fax: (0043-1) 515 66-159
E-mail: ir@c-quadrat.com
Internet: www.C-QUADRAT.at
ISIN: AT0000613005
WKN: A0HG3U
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, Düsseldorf
End of News DGAP News-Service
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DGAP-News: C-QUADRAT Investment AG:C-QUADRATs retail sales in Germany overtake its retail sales in Austria for the first time
| Source: EQS Group AG