| Italian listed property funds recovered strongly in January, bouncing back to April 2012 levels after a continuous negative trend since March 2011, says realtor BNP Paribas Real Estate.
The BNP Paribas REIM Italian Index measuring property fund performance rose by 15.5% on December, almost fully recovering the loss of last year, BNPRE said in its regular monthly report. As a consequence, the aggregate discount to net asset value on just over 30 such funds narrowed to just over 50% from its widest of around 60% in autumn...............................................Full Article: Source
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