| From Propertyeu.info: The unprecedented 100 percentage--point spread of performance within the European unlisted real estate property fund market in 2008 reflected the geography of investment returns, the impacts of leverage, and a further penalty for some investors of adverse currency movements, research based on the new IPD European fund indices reveals.
According to the inaugural bi-annual IPD European Pooled Property Fund Indices 2008 (e-PPFI) - reporting the performance of 203 funds with a total NAV of EUR 121 bn - European unlisted pooled funds delivered a local currency time-weighted total return of -7.4%, which translated to a -14.8% return to euro- denominated investors, each of whom suffered the added pain of a major fall in the sterling-euro exchange rates......Full Article: Source
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