BLOOMBERG: “Real estate is a very inefficient market because most people don’t look across a whole spectrum of instruments and they don’t have the expertise to analyze all the instruments trading with real estate-linked returns,” Ashworth said.
The fund has returned 55 percent since inception in May 2007 through July, compared with a 20 percent decline in the U.K. index of Investment Property Databank Ltd., a London-based provider of information and research on global real-estate markets, during the same period.
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