Standard Life Investments today said its Select Property Fund has broken the £1bn barrier in less than 15 months since its launch on 13 October 2005.
Barry MacLennan, investment director – mutual funds & life funds, Standard Life Investments, said: "Fund inflows remain strong as investors continue to seek property exposure offering diversification on a global scale.
"Demand has also been helped by impressive performance since launch. The fund has benefited from strong stock selection and broad geographical and sector diversification.
"Over the last few months we have increased exposure to US stocks generally, specifically East Coast financial and business offices. Supply of property, in the form of vacancy rates and the pace of development will continue to be the key drivers which affect returns.
"In both these respects Europe offers interesting prospects particularly in the office and distribution warehousing sectors and we will be seeking opportunities for direct and listed investment in that market.”
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