According to APFIPP/IPD® Index, this figure shows an improvement over the annual returns of -1.6% and 2.1% registered in September 2016 and June 2017, respectively.
At 12 months, closed-end real estate investment funds (excluding FIIAH) gave back a return of 6.3%, while open-end real estate funds amounted 2.9%. Closed-end real estate investment funds (FIIAH) registered a return of 0.8%.
The APFIPP/IPD® index of Portuguese Real Estate Investment Funds incorporates 11 open-end funds and 31 closed-end funds, including 5 FIIAH, with a total assets under management of €5,400 million at the end of the 3rd quarter of 2017.