18.10.2012 - IPD: Upturn in UK unlisted sector returns after four quarters of falling values
Returns in the unlisted sector rose to 0.4% in the third quarter of 2012, as underlying falls in valuation in the direct property market eased slightly, according to the AREF/IPD UK Pooled Property Fund Index. Balanced funds continued to outperform their specialist counterparts, but the gap in performance narrowed to just 10 basis points, 0.4 to 0.3%. Over the last 12 months the unlisted sector has returned 2.5%, against the 3.5% delivered by the direct commercial property market. Equities and REITs have had a volatile but strong twelve months, and the effects of last summerís crisis of confidence have now dropped out of their twelve month returns...............................................Full Article: Source
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