AIBIM Euro property fund returns 39% in year

AIB Investment Managers has announced that its European Property Stocks Fund has generated a return of almost 39% in less than one year of operation.

Since the Fund began trading on April 4, 2005, it has returned 38.57% up to March 7, 2006, net of all fees and costs.

This compares very favourably with a return of 25.61% from the FTSE Eurotop 100 index of European shares over the same period, while the Irish property market returned 24% gross for the calendar year 2005.

The European Property Stocks Fund invests in a spread of European property companies and offers several options to investors seeking to gain exposure to this sector.

The fund allows access to European property investments to investors who may lack the resources to invest in a single property, or who may be unwilling to take on the risk and costs inherent in such an investment.