The APUT/HSBC Pooled Property Fund Indices are calculated by Investment Property Databank to measure the performance of 27 widely marketed property funds. Pooled property funds have outperformed the other main investment sectors over the last three and five years.

APUT chairman Ian mason said: 'For the second year running property is the top performing asset class over five years. These numbers speak for themselves and this sector is expected to deliver equally good comparative returns over the medium term. the case for property remains clear.'

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