According to data published by the CMVM – the Portuguese Securities Market Commission, the amount under management in Portuguese property investment funds stood at 10.7686 billion euros in January 2021, a fall of €66.4 million (-0.6%) compared to the previous month’s tally.
Real Estate Investment Funds (FII) total AUMs in January fell by 0.7% to 7.947 billion euros, while assets held in Special Real Estate Investment Funds (FEII) also dropped by 0.2% to €2.4043 billion. Finally, Real Estate Asset Management Funds (FUNGEPI) lost 417.4 million euros in assets, down by 1.1%.
According to the CMVM, “In the period under analysis, EU countries received the full amount of investments in real estate assets, with 47.1% of the portfolios of open-end FIIs and FEIIs invested in real estate for the services sector. Investments made by FUNGEPIs were mainly in retail (46.0% of the total).”
In the first month of the year, Interfundos (12.2%), Square AM (11.2%) and Caixa Gestão de Ativos (9.0%) had the highest market shares.
