THE Seven Dials European Property fund has outperformed its larger, more established competitors, according to the specialist commercial property fund manager.
By September 28, the fund had made a positive start towards achieving its long-term performance goals, by delivering a total return (NAV plus dividend) of 2.3pc since its March 1 launch. This was a superior return to those of several major UK and European REITs and commercial property unit trusts, including those run by Invista, Norwich Union and Standard Life. The Seven Dials European Property fund has benefited from being priced according to the value of the net assets, and not by the market. In contrast, the unit trusts that are obliged to hold property shares (REITs) have suffered. ...
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