The APUT/HSBC Pooled Property Fund Indices--which measures the performance of 27 property funds--show a total return for the twelve months to September 2001 of 7.6 % compared to the FTSE All Share Index at 20.8% and the FTSE 5/15 Gilt (Government bond) at 7.4%. And property has outperformed equities and gilts over the last three and five years.
APUT Chairman Ian Mason said: 'Even before the 11 September, equities had experienced weakening returns as fears of global economic slowdown damaged investor sentiment. The terrorist attacks served only to make a bad situation worse. Set against this turmoil, the inclusion of property in a multi-asset portfolio will have made a valuable contribution to returns.'
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