IPD: Property beat bonds through second quarter

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Data from the IPD Global Quarterly Property Fund Index suggests that property as an asset class beat bonds in the 12 months through the second quarter of 2014.

Property fund returns globally in the quarter ended in June reached 2.9%, taking 12 month return to 11.4%. Property lagged equities and real estate equities through the period, IPD said.

Markets in Europe saw acceleration in their property markets. The UK market rose 4.1% through the quarter, up from 3.1% for the quarter ended in March. Return from Continental Europe reached 3.2%, up from 1.8% in the earlier period.

North America returned 2.7%, and Asia Pacific 2.5%.

Mark Clacy-Jones, vice president at MSCI, which owns IPD, said: “Capital appreciation is now dominating asset returns In the UK and North America, which both recorded double-digit performance over the last 12 months. And although income return is still the main driver of returns in Asia Pacific and Continental Europe, it should be noted that capital growth in Continental Europe reached 0.4% for the quarter. This is its highest level since the index started in 2008 and marks a return to positive territory for the first time since March 2011.”


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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