In 2008, the entire investment industry was faced with enormous challenges. The financial market crisis continues to have a significant effect on the various markets and industries as well as their corresponding products. Hannover Leasing has also been impacted by the distortion of the financial and economic markets, albeit comparatively moderately. Market conditions have led to a downturn in placement results and new business. Hannover Leasing has also significantly reduced its investment activities and, in light of increased price levels worldwide, is carefully monitoring the markets.
Amid these difficult conditions, however, there are also some rays of sunshine. Some products, such as our "Substanzwerte Deutschland 4" (Value Assets Germany 4) fund and our "Wachstumswerte Europa 3" (European Growth Assets 3) fund, the latter introduced in January 2009, have performed extremely well. In fact, European Growth Assets 3 was fully placed within just a few weeks. Clearly, our strategy of diversifying across different assets, products and markets is the right one and has contributed significantly to Hannover Leasing's comparatively comfortable situation.
As one of the leading initiators of closed-end funds in Germany and with the backing of our primary shareholder, Landesbank Hessen-Thüringen (Helaba), Hannover Leasing is on solid ground. This allows us to look upon the coming fiscal year full of optimism.
Service: Download Hannover Leasing's Annual Reports
