Property funds for institutional investors achieved a total return of 0.4% in the first half of 2012, with funds focusing on Germany achieving a higher return of 0.7% and pan-European funds delivering 0.2%, according to IPD’s new SFIX Quarterly Indicator.
Property funds for institutional investors achieved a total return of 0.4% in the first half of 2012, with funds focusing on Germany achieving a higher return of 0.7% and pan-European funds delivering 0.2%, according to IPD’s new SFIX Quarterly Indicator.
Funds focused on retail properties turned in the best performance at 0.8% compared to 0.2% for office-focused funds.
'Returning merely 1% in the first half, German institutional funds fall behind their long-term average. But those funds that deviate from the classical office-focused strategy tend to beat the indicator,' said Sebastian Gläsner, head of fund services at IPD in Germany.
