UK - Schroder Exempt Property Unit Trust showed the best performance of property unit trusts in 2001, according to the latest quarterly survey by the Association of Property Unit Trusts (APUT) and HSBC, who say their indices once again highlight the extent of out performance of property as an asset class.
Over the calendar year 2001 the All Pooled Property Fund Index achieved a return of 6.6% against –13.3% for equities and 3.9% for gilts.
The APUT/HSBC Pooled Property Fund Indices, which are calculated by Investment Property Databank and measure the comparative performance of 27 widely marketed property funds, also illustrate that pooled property funds have outperformed both equities and gilts over the last three and five years.
Schroder’s specialist PUT achieved a total return of 10.7%. Among balanced PUTs, Lionbrook Property Partnership returned highest with 8.8% while Langbourn Income and Growth Property Unit Trust ranked lowest with -16%. Zurich Scudder Pension Managers’ PUT returned 9.2% to rank highest amongst managed property funds.
Ian Mason, chairman of APUT said: For the second year running property is the top performing asset class over five years. These numbers speak for themselves and, backed up with the fact that the forecast returns for this sector are expected to deliver equally good comparative returns over the medium term, the case for property remains clear.
By Luke Clancy
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