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Top-performing global property funds available in SA

A look at which funds stand out over the past three years.
South African firms are among the top performers in this sector. Image: Shutterstock

Over the past few years global listed property has become an increasingly important asset class for South African investors. With local property under pressure and asset allocators looking for diversified sources of return offshore, it has found its way into a growing number of multi-asset class portfolios.

The performance from the asset class has also been attractive. While it has not kept up with global equities, it has materially outperformed global bonds.

Over the past three years, the FTSE EPRA Nareit Developed Index is up a cumulative 48.7% in rand terms.

South African fund selectors are also in the fortunate position of having access to expertise from both local and international asset managers in this sector. It is an area where South African firms are firmly among the top performers in recent years.

To identify which global property fund managers have delivered value for investors, Citywire South Africa identified the 10 best-performing funds in this sector over the past three years.

The top seven have all delivered returns ahead of the FTSE ERPA Nariet Developed Index.

Five of those are funds managed by South African firms.

To see which portfolios made the list, click through the slides.

Patrick Cairns is South Africa editor at Citywire, which provides insight and information for professional investors globally.

This article was first published on Citywire South Africa here, and republished with permission.

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What am I missing ? – The chart shown in this article for Reitway Global Property Feeder Fund bears no resemblance to the Moneyweb unit trust fund chart

The Moneyweb charts show the annualised 3 and 5 year total returns for the periods (the weighted average compound growth rate over the period measured). The Citywire charts are the cumulative total return over the 3 years.

It would be like going into US residential reits in mid 2007,just before the start of the financial crisis that brought down the US housing market.

Property is attractive (cheap) when interest rates are high and expected to come down over a long period. Also when there is limited supply relative to demand. So right now we have roughly the opposite. Combined with that the faster demise of brick and mortar stores and workfromhome impact on office space, I think now would be the time to sell, not buy.

End of comments.

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