First Property Group, a commercial property fund management group, will say at Friday's annual general meeting that trading has continued well and in line with the firm's expectations, despite the difficult economic conditions.
It's clients have also performed well, but the weakening euro has resulted in some capital value reductions in sterling terms, leading to a decrease in its overall assets under management (AuM) from £365m at March 31st to around £350m at the mid-September point. However, the group was keen to underline the robustness of the underlying income generation of its client funds.
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