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AUMs in Real Estate Funds Slightly Higher in February

20 March 2020 – Assets under management in real estate investment funds (FII), special real estate investment funds (FEII), and real estate management funds (FUNGEPI) in Portugal topped €10.52 billion in February. The figure represents an increase of €7.4 million, or 0.07% compared to the month before, according to a report by the country’s Securities Market Commission (CMVM).

In that same period, the funds invested 100% of their assets in the European Union. Just over 46% of the assets in open FIIs and FEIIs went to the services sector, while FUNGEPIs focused principally on retail (65.5% of the total).

The largest funds by market share were Interfundos (12.9%), Square AM (11.2%) and Caixa Gestão de Activos (7.6%).

Original Story: Diário Imobiliário

Translation/Summary: Richard D. Turner