The £132m First State Global Property Securities fund has dominated the IMA Property sector over the last five years, being one of only two funds to make a positive return over that period, and has returned 84.5% since 2009.
Patrick Sumner, head of property equities at Henderson Global Investors, has warned investors the market is pricing in a substantial fall in property values across Europe.
The Chancellor George Osborne has proposed scrapping the 2% conversion charge on real estate investment trusts (Reits).
Saltus Partners' multi-manager Dan Kemp is finding compelling value in listed alternative investment trusts and is looking to profit from the sector's deep discounts.
The aftermath of the global credit crisis has seen property as an asset class struggle in the face of liquidity issues.
Global real estate investment trusts trading on huge discounts are offering value but liquidity remains low, said the managers of First State's Global Property Securities fund.