13.03.2013 - Fund returns weaken in 2012: IPD
Pan-European property funds posted a negative return of 2% over the final quarter of 2012 as the eurozone crisis continued to take its toll, IPD said. The negative quarterly performance was the third in a row as returns continued to be dragged down by value declines in the direct real estate market as a result of the eurozone crisis. The IPD index is based on the full universe of pan-European open-ended funds that are appraised quarterly according to IFRS standards...............................................Full Article: Source
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