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Investors Return to Real Estate Investment Funds

18 October 2017

In September, investments in real estate investment funds (FII), special property investment funds (FEII) and property management funds (FUNGEPI) rose to €10.8384 billion, an increase of €15.1 million (0.14%) compared to August.

According to a statement from the Portuguese Securities and Exchange Commission (CMVM), investments in real estate investment funds rose by 0.4% to 7.8023 billion euros, but fell by 0.5% to €2.5342 billion in FEII and by 0.2% to €501.9 million in FUNGEPI. In the period under review, investments were limited to real estate assets in European Union countries, with 46.4% of open FII and FEII portfolios invested in property linked to the service sector. Investments by FUNGEPI were mainly directed at the retail sector (42.2% of the total). Interfundos (13.8%), Norfin (12.8%) and Fundger (9.4%) had the highest market shares.

Original Story: Diário Imobiliário

Translation: Richard Turner