Property funds maintain momentum across international borders

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Cross-border European property funds continued their recovery in 2011, spurred on by underlying direct property market returns of 6.8%, according to the latest IPD Pan-European Property Fund Index figures.

IPD returned 4.1% in the past year, its second year of positive returns, the fund index said. Although the rate of return was lower than the UK pooled fund index, at 7.1%, and the US NCREIF ODCE...

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