Chile's real estate funds see promising year

Chile's real estate funds see promising year

Asset Management Funds Chile

Real estate investment funds in Chile are expected to grow 15% in the next 12 months, buoyed by a fast-growing property market and high returns, LatinFinance has heard. "The category is growing strongly and above the average investment fund growth of 10%," said an analyst at a ratings agency in Santiago.  Chile's property funds managed $1.8bn in assets at the end of March this year, up 24% on the same time last year, according to the latest figures from the local investment fund association Acaf

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