Return of retail investors boosts performance in property sector

SECTOR ANALYSIS: PROPERTY

Average IMA Property portfolio returns 21% over 12 months, with First State Global Property the top performer

There has been a marked improvement in property fund performance since retail investors started returning to the property market towards the end of 2009. The average fund in the IMA Property sector has returned 21% over 12 months to 14 June, according to Morningstar. This is a significant improvement compared to the three-year view, which shows an average decline of 32.9%. Global property funds have significantly outperformed UK property funds over the last year, filling all top ten positions in the IMA peer group with gains of at least 29%. First State has two funds in the sect...