Fund buyers have warned investors they may be repeating the mistakes of the past as flows into property funds hit multi-year highs.
Net retail inflows into property funds have reached their highest level in four years at the start of 2014 as investors get on board with the asset class’ post-crisis resurgence. IMA figures show property funds enjoyed net retail sales of £298m in February, the highest since January 2010, while March’s £240.5m in net sales was the second highest since that date. “There has been a deluge of new money in recent months and there will continue to be,” said Charteris’ Tony Yousefian, manager of the EFA OPM Property fund. Yousefian, who invests across commercial property funds, REITS, an...
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