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Real Estate funds top return tables
Investors in domestic real estate unit trusts had reason to celebrate in a quarter characterised by significant price swings in domestic and global financial markets. So says Ryk de Klerk, co-founder and executive director of PlexCrown Fund Ratings.
The returns of domestic real estate unit trusts averaged 4,4% with income reinvested, with Property Index Tracker SAPY the third best of all collective investment schemes with 6,0%. “Global equity markets only managed to eke out a paltry gain of 0,7% in terms of US dollars in the June quarter,” says de Klerk. The FTSE/JSE All Share Index returned -0,6% with income reinvested for the three months ended 30 June 2011 for local investors and -0,7% in terms of US dollars.
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