I sold my EURO11 today because:
- Since 2008 it has been distributing the same amount (that is, there is no correction due to inflation, so the yield you got is not a real one);
- If you look to the 2010 financial statements, you will see strange stuffs there: other expenses of BRL 700 thousands and there was cash consumption just to pay the same 1.36 they are paying (since 2008);
- I mailed them about these issues a moth ago and no answer was offered.
1 comments:
You're absolutely right. There are better options in other real estate funds.
I'll my EURO11 too.
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