Record level of returns achieved by funds

The IPD UK Pooled Property Fund Index showed that UK pooled property funds achieved a total return of 10.4% in the fourth quarter of 2009. This is the largest figure in the index’s 20 year history. This lifted the total returns for the year for UK unlisted property funds to -5.4% up from -32% in 2008. This was the best performance for the fund sector in three years. All 60 funds from the PPFI produced a positive return in the fourth quarter