While German open-ended real estate funds as a whole returned 0.1% in February, returns on funds with a global focus dropped to -0.4%. This drop was mainly caused by weak returns from those funds which are in liquidation. These results are taken from the recently published OFIX-monthly report for February 2012 by IPD Investment Property Databank GmbH.
Poorly performing funds pull down the index: “The gap between the good and poor-performing funds is widening,” says Sebastian Gläsner, Head of Fund Services at IPD in Germany………………………………………..Full Article: Source