.
- Historic opportunity for selling funds of funds created by the “flat-rate withholding tax” in Germany
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-QUADRAT’s 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-QUADRAT’s 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.
- Historic opportunity for selling funds of funds created by the “flat-rate withholding tax” in Germany
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-QUADRAT’s 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-QUADRAT’s 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.
