| The unlisted UK property sector delivered a total return of 0.7% for the first quarter of 2012, remaining in positive territory but nevertheless trending down and recording its lowest return since the market entered the recovery phase in Q3 2009, according to the AREF/IPD UK Property Fund Index.
A stable income return of 80 bps more than offset what was a modest, 10 bps, reduction in Net Asset Values over the last quarter. Within this, balanced funds benefited from a 13 bps improvement in NAVs. Specialist funds, some of which are exposed to more challenged parts of the market, saw a -0.5% reduction in capital over the three months...............................................Full Article: Source
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