Top-performing global property funds with SA access

Gallery: see which funds have stood out over the past three years.
Image: Supplied

Over the last few years South African investors have become increasingly alive to both the diverisifcation and return-enhancement benefits of global property.

More and more local fund selectors have been using the asset class as an important component of the offshore exposure in their portfolios.

While there are some excellent solutions offered by local asset managers in this space, the market has also been enhanced by the introduction of funds by international firms.

To get a picture of how these offerings are performing, Citywire has identified the 10 top-performing global real estate funds over the past three years available to South African investors. They include solutions from both local and international asset managers.

 

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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Initially impressive looking returns, when using the FTSE EPRA Nareit as ‘benchmark’.

But let’s not forget, it was nicely helped along with the ZAR depreciation against USD. The USD exchange rate TODAY is R16,39 as we speak.

Exactly 3 years ago (21 July 2017) the exchange rate was R12,90/$…..so there is your 27% portion of the overall return (in rand). And the benchmark is set at 31% (in ZAR terms)…4% difference. That 4% differential is less than local inflation over past 3 years.

Nevertheless, allow me sufficient time, and I’ll try to find REITS in Zimbabwe, or Venzuela, Syria, or Lebanon…..all you have to do is to take the graph as far back as necessary to capture the best part of Real Estate upward cycle in each country….even if I had to take a 100-year average, and put that forward as some sort of “hope” for the future.

(…besides, most fund glossies have in their fine-print “past performance is not an indicator for future performance”. Hence what’s the point really?)

Would be interesting to take a forward view (and not ride on ‘past performance’) on REITS such as MSCI China Real Estate ETF or similar…

You crack me up Michael hahaha.
When the Bull sees red:-)

Property funds go Brrrrrrr

Holy Moly Michael – don’t you know that a good rant should be focused on one point only! Anymore and it becomes illogical and irrational bluster. Send an edited and sensible version of what your point is.

You don’t his point? Victim of Standard grade English?

End of comments.

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