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Please read our Terms of Useand Privacy Policy. Russell 2000 quote is 10 minutes delayed. Vestima delivers a suite of investment fund services supporting the cross-border distribution needs of the investment fund industry around the globe. This allows customers to benefit from a streamlined process regardless of the variety of markets and investment funds involved. With more than 190,000 investment funds from 43 jurisdictions, Vestima is the world’s largest cross-border fund processing platform. Clients of our Vestima platform realise efficiency gains through automation. Operational efficiency is significantly increased through DVP settlement, the synchronous exchange of cash and investment fund shares.

Automation is a powerful tool in the investment funds sector where many companies still rely on faxes and phone calls. Apart from improving efficiency and automation in the funds sector, clients are increasingly looking to Clearstream to bolster the security of their financial infrastructure. Asset safety has also become a key concern among participants in the investment fund industry. Centralised solutions, such as Vestima, can serve the growing need for greater efficiency and transparency in investment funds processing, in order to comply with regulatory developments and new rules on risk mitigation.

REITs can be publicly traded on major exchanges, public but non-listed, or private. REITs were created in the United States after President Dwight D. Eisenhower signed Public Law 86-779, sometimes called the Cigar Excise Tax Extension of 1960. Since then, more than 30 countries around the world have established REIT regimes, with more countries in the works. The spread of the REIT approach to real estate investment around the world has also increased awareness and acceptance of investing in global real estate securities.

Around the time of their creation in 1960, the first REITs primarily consisted of mortgage companies. The industry experienced significant expansion in the late 1960s and early 1970s. The growth primarily resulted from the increased use of mREITs in land development and construction deals. The Tax Reform Act of 1986 also impacted REITs. The legislation included new rules designed to prevent taxpayers from using partnerships to shelter their earnings from other sources. Three years later, REITs witnessed significant losses in the stock market.

REITs in 1992 with its creation of the UPREIT. The REIT typically is the general partner and the majority owner of the operating partnership units, and the partners who contributed properties have the right to exchange their operating partnership units for REIT shares or cash. For the five-year period ending Dec. 31, 2017, all stock exchange listed REITs posted total returns of 60. Stock exchange listed equity REITs had total returns of 59.