| Unlisted property funds outperformed equities and property REITs in 2011, but fell short of the returns delivered from direct commercial property over the year, according to the AREF/IPD UK Pooled Property Fund Index (UK PPFI).
Pooled property funds delivered 1.2% in Q4 2011, as returns continued to slow, delivering an annual return of 7.1%. Direct commercial property, measured by the IPD UK Monthly Index, returned 8.1%, equities -3.5% and property REITs -8.8%...............................................Full Article: Source
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