Market Moves: INREV's theory of evolution for funds of funds

<p>The real estate fund of funds industry is entering a new era, says the research director at the trade body representing investors.</p> <p>Iryna Pylypchuk, director of research and market information at INREV – the European Association for Investors in Non-Listed Real Estate Vehicles – describes funds of funds as undergoing “an evolution” in terms of scale and the diversification they offer to investors.</p> <p>In this 15-minute discussion, Pylypchuk tells Tim Burke, EG's deputy editor, about the growth of global strategies, how funds of different vintages are performing and what a new era for the market might look like.</p>