Italian pooled property funds continued to deliver stable returns in the first half of 2011, at 1.2%, according to the Italian Pooled Property Fund Indices (Italian PPFI).
Despite economic uncertainty affecting the country and the euro zone, returns fell only 20 basis points from the 1.4% delivered in December 2010. On an annual basis to June 2011, all pooled funds delivered 2.6%, the strongest return since the downturn began……………………………………….Full Article: Source