Portfolio Analysis
Portfolio Analysis (as at 31st December 2011)
| Fund Holdings | Value (£m) | % |
| Cash or Equivalent | 5.20 | 45.1 |
| Indirect Property Holdings | 2.27 | 19.7 |
| Joint Ventures | 2.11 | 18.3 |
| Direct Property Holdings | 1.95 | 16.9 |
| Totals | 11.53 | 100 |
| Fund Holdings | Value (£m) | % |
| Cash or Equivalent | 5.20 | 45.1 |
| Indirect Property Holdings | 2.27 | 19.7 |
| Joint Ventures | 2.11 | 18.3 |
| Direct Property Holdings | 1.95 | 16.9 |
| Totals | 11.53 | 100 |