As the liquidation of SEB’s flagship ImmoInvest fund gets under way, its competitors are looking for rich pickings. It is easy to see why: ImmoInvest, which targets private investors and has been running for 23 years, has been one of the best performing funds in the sector. Investors who committed to the fund in 1989 received a cumulative return of 225% in 2011, according to SEB AM. Even investors who took the plunge in 1997 received a cumulative return of 75.9%.
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