Property Funds top unit trust rankings over three and five years
Latest performance numbers confirm that investors who invested in property funds over the past three to five years picked winners, says the Property Loan Stock Association of SA (PLSA).
According to Morningstar, all five of the top-performing unit trusts in SA over five years are property funds.
Four of the five top-performing unit trusts over three years are also property funds.
In both cases, a property fund is ranked in first place.
“The stated mission of the PLSA is to promote listed property as an investment class, and these numbers make our job a little easier,” says PLSA Chairman Norbert Sasse, who is also CEO of Growthpoint Properties.
Over five years, the top-performing unit trust was Prudential Enhanced SA Property Tracker Fund A with cumulative total returns of 121 percent. The three-year rankings show that Prudential Enhanced SA Property Tracker Fund A again takes the top spot, with cumulative total returns of 67 percent.
Stanlib Property Income Fund A came in a close second, over both periods, with cumulative returns of 119 percent and 64 percent, respectively.
The results showcase the consistently high performance of the listed property sector in both the long and short terms.
“Apart from the three-year or five-year horizon, the listed property sector has outpaced the All Share Index for six straight months in a row to August 2011,” adds Sasse.
The Property Loan Stock Association (PLSA) is the representative umbrella body of the property loan stock sector comprised of voluntary members, with the weight of nearly all of the funds within the sector behind it.