Schroder Indirect Real Estate Fund celebrates benchmark outperformance over 10 years
Schroders is today announcing the 10 year anniversary of its Schroder Indirect Real Estate Fund (SIRE), an open-ended UK Multi-Manager property fund of funds. The fund has delivered an annualised return of 4.7% since inception outperforming both its benchmark (4.1% p.a.) and targeti. SIRE is a diversified fund of property funds providing exposure to the UK property market and is available to both domestic and international investors.
Schroders Property Multi-Manager approach offers benefits that investors cannot necessarily achieve by investing in standalone funds. The scale of the Schroder Property Multi-Manager business enables it to add value through accessing funds more cost effectively on the secondary markets and structuring funds where there are opportunities but no easy way to access them. These initiatives have resulted in strong, long-term performance for our multi-manager clients and provide clear evidence that this strategy can be achieved net of all fund costs.
Graeme Rutter, Head of Property Multi-Manager at Schroders, commented:
“The performance of SIRE over the last ten years is testament to the benefits of the Property Multi-Manager approach to property investing and the high quality stewardship of Jennifer Murray, Fund Adviser. The fund has successfully manoeuvred the economic downturn in 2008 which saw the property sector struggle.
“Our robust investment process, twinned with our broad research capability as part of the wider Schroders Property Division, has enabled us to select ‘best in class’ property funds in the right sectors for various stages of the property cycle. This has resulted in a solid track record and, with the UK economy gaining momentum, we believe the fund is well positioned to continue to aim to deliver strong returns.”
Jennifer Murray has been the Fund Adviser since 2005. SIRE offers investors access to over £15 billionii of UK property. The fund invests in a selection of balanced and specialist funds diversifying investors’ exposure to tenant, property and investment style concentration.
i Source: ): i) Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them can go down as well as up and investors may not get back the amount originally invested. The funds objective is to outperform its benchmark by 0.8% per annum, gross of fees, over rolling three year periods. The benchmark is the AREF/IPD UK Quarterly Property Fund Index- Other Balanced Fund Weighted Average. Source AREF/IPD UK Quarterly Property Fund Index, Schroders. Performance of A Units, on a NAV to NAV basis, income distributed, net of fees. Inception date is 8 January 2004. Use of IPD data and indices: © and database right Investment Property Databank Limited and its Licensors 2014. All rights reserved. IPD has no liability to any person for any losses, damages, costs or expenses suffered as a result of any use of or reliance on any of the information which may be attributed to it. .
ii Source: Schroders as at 31 March 2014.
For further information, please contact:
Estelle Bibby, Senior PR Manager, Schroders
Tel: +44 (0)20 7658 3431 / estelle.bibby@Schroders.com
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For trade press only. To view the latest press releases from Schroders go to: http://ir.schroders.com/media
Schroder Property Schroders has managed property funds since 1971 and currently has £11.0 (€13.4 /US$18.4) billion of gross property assets under management as at 31 March 2014. Most of the property funds referred to are unauthorised collective investment schemes as defined in the Financial Services and Markets Act 2000. Promotion of these funds is restricted and access to full information about these funds is only available to those exempt from the restriction. For further information about Schroders’ property business visit www.schroderproperty.com
Schroders is a global asset management company with £268.0 billion (EUR324.1 billion/$446.8 billion) under management as at 31 March 2014. Our clients are major financial institutions including pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors.
With one of the largest networks of offices of any dedicated asset management company, we operate from 37 offices in 27 countries across Europe, the Americas, Asia and the Middle East. Schroders has developed under stable ownership for over 200 years and long-term thinking governs our approach to investing, building client relationships and growing our business.
Further information about Schroders can be found at www.schroders.com.
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