Quarterly returns up on IPD Nordic index

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The IPD Nordic Quarterly Property Fund Index shows that property funds in the region returned 0.7% in the second quarter of 2014, a rise on the 0.5% return in the previous quarter.

Annualised return to the end of the second quarter was 1.5%, IPD reported.

However, property funds underperformed property equities, which returned 5.4% through the second quarter. Property funds also underperformed the broader Nordic equities index, which returned 5.1% over the same period, as measured in euro returns.

Property funds have struggled over the past five years, IPD said, as they have been “heavily outperformed by both broad equities and property equities.”

Håvard Bjorå, head of Nordic Client Consultants, IPD, said, “It is encouraging to see fund performance continue to improve. Even though the aftermath of the credit crunch has been difficult for property funds, we have only recorded three quarters with negative returns since 2009, while 15 quarters have seen positive returns.”

Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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