The Italy biannual property fund Index published by global information provider IPD, recorded a total return of -2.3% in the first six months of 2012, with the annual figure at -4.8%.
In its second consecutive negative performance, the Index reported a negative difference of 350 bps compared to the same period last year. The Index sample remained unchanged at 39 closed-ended domestic funds, accounting for a total NAV of just below €8bn, and assets under management at €13.4bn………………………………………..Full Article: Source