FINANCE: Italian property funds continue to struggle, posting a return of -1.3% in the six months to June 2014, according to the IPD Italy Biannual Property Fund Index.
Institutional funds posted a positive return of 1.1% during the period, but retail funds dragged the index down with their -13.7% total return.
The three- and 12-year annualised returns for the Italian funds sector have deteriorated to 1.7% and -1.6% respectively. Specialist funds returned -1.6% while balanced funds were in positive territory with a 0.9% return.
sophia.furber@estatesgazette.com
