AUMs at Real Estate Funds Down 0.8% Since Beginning of Year

22 September 2020 – According to the Portuguese Securities Association (CMVM), assets under management by Portuguese real estate investment funds reached a total of €10.422 billion at the end of August, a month-on-month increase of 0.27% and down 0.8% since the beginning of the year. Interfundos (13.0%), Square AM (11.3%) and Caixa Gestão de Ativos (9.2%) had the highest market shares, as in the previous month.

A new open-ended real estate investment fund, the Property Core Real Estate Fund, opened in August, managed by Square AM and distributed by Banco Best.

Original Story: FundsPeople

Translation/Summary: Richard D. Turner