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IPD and APFIPP present new property fund index in Portugal

Portuguese property funds delivered a positive performance of 1.2% in 2011, according to the APFIPP/ IPD Portugal Property Fund Index just released. The APFIPP/ IPD Portugal Property Funds Index is a consultative index based on a sample of 37 property funds with a combined total value of assets under management of €7.0bn (Gross Asset Value) at the end of December 2011.IPD have partnered with APFIPP to bring to the Portuguese market a property fund index which tracks the performance of open and closed-end funds to an internationally accepted methodology.

The property fund Index reports annual returns, released on a quarterly basis. The first results for the year 2011 show a positive performance for all funds, with an annual total return...[…]