During the first six months of the year the Italian real estate fund industry has proved its ability to consolidation. The data from Assogestioni Ipd and still show an increase in assets under management, a growth of assets supported by a larger number of products and flows collecting benefits for 548 million euros.
The assets grew by 1.4% and during the reporting period increased from 20.2 billion, reported last semester, less than 20.5 billion euros. In one year, growth was 1.9%.
The number of funds surveyed reaches a height of 143 units. From January to June have added nine new products to qualified investors. Five of these are hedge funds, six are made through the contribution and three in the ordinary way. According to the survey presented today of the 143 operating funds, 119 are reserved for institutional investors and have a wealth of 14.6 billion euros. The retail funds are 24 and have assets of over 5.8 billion euros. The activities, grew by 6.4% year on year and 2.1% in six months, totaled 35.4 billion euros. At the end of the semester, 81% of the funds has made use of the lever. Compared to last half the rate of use of financing operations has remained unchanged for the reserved funds that are in debt for 77% of their ability. For retail funds, the debt levels and a slight growth of 60% of the intake (at the end of 2008 was 58%). Regarding the composition of assets, the primary investment for both types of funds is still in real estate. Funds for investing there for 88, 2% compared with 84, 9% of retail funds.
Regarding the Asset Allocation by purpose of use is noted that investment in the property sector occur mainly in the office sector: 58.8% for retail funds and 49.6% for those reserved. The second destination of choice to use both categories, the commercial: 22.7% of the total investments of retail funds and 16.2% for those reserved. Third place for investment by retail funds the logistics industry loses appeal and gives way to the tourist / recreational, with commitments for 5.6%. Funds reserved for the third place is the intended use more named (represented mainly by barracks, telephone exchanges and land) which invest 11.5% of jobs.
From the geographical point of view of Asset Allocation, North West and the Center are the areas where there are major investments in real estate. The values for the reserved funds are totaled 45.6% and 45.1% for retail products. Exposures in the South and the Islands continue to decrease gradually for reserved funds, which will invest 9.4% of resources. Foreign investments continue to shrink in the course of the semester in question down to 2% share of jobs overall.
The assets grew by 1.4% and during the reporting period increased from 20.2 billion, reported last semester, less than 20.5 billion euros. In one year, growth was 1.9%.
The number of funds surveyed reaches a height of 143 units. From January to June have added nine new products to qualified investors. Five of these are hedge funds, six are made through the contribution and three in the ordinary way. According to the survey presented today of the 143 operating funds, 119 are reserved for institutional investors and have a wealth of 14.6 billion euros. The retail funds are 24 and have assets of over 5.8 billion euros. The activities, grew by 6.4% year on year and 2.1% in six months, totaled 35.4 billion euros. At the end of the semester, 81% of the funds has made use of the lever. Compared to last half the rate of use of financing operations has remained unchanged for the reserved funds that are in debt for 77% of their ability. For retail funds, the debt levels and a slight growth of 60% of the intake (at the end of 2008 was 58%). Regarding the composition of assets, the primary investment for both types of funds is still in real estate. Funds for investing there for 88, 2% compared with 84, 9% of retail funds.
Regarding the Asset Allocation by purpose of use is noted that investment in the property sector occur mainly in the office sector: 58.8% for retail funds and 49.6% for those reserved. The second destination of choice to use both categories, the commercial: 22.7% of the total investments of retail funds and 16.2% for those reserved. Third place for investment by retail funds the logistics industry loses appeal and gives way to the tourist / recreational, with commitments for 5.6%. Funds reserved for the third place is the intended use more named (represented mainly by barracks, telephone exchanges and land) which invest 11.5% of jobs.
From the geographical point of view of Asset Allocation, North West and the Center are the areas where there are major investments in real estate. The values for the reserved funds are totaled 45.6% and 45.1% for retail products. Exposures in the South and the Islands continue to decrease gradually for reserved funds, which will invest 9.4% of resources. Foreign investments continue to shrink in the course of the semester in question down to 2% share of jobs overall.
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