The Schroder Indirect Real Estate Fund (SIRE), an open-ended UK multi-manager property fund of funds, has passed its tenth anniversary having delivered an annualised return of 4.7 per cent since inception.
The fund has outperformed both its benchmark (4.1 per cent p.a.) and passed its target of outperforming its benchmark by 0.8 per cent per annum, gross of fees, over rolling three year periods.
SIRE is a diversified fund of property funds providing exposure to the UK property market and is available to both domestic and international investors.
Graeme Rutter, head of property multi-manager at Schroders, says: “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 GBP15 billion of UK property. The fund invests in a selection of balanced and specialist funds diversifying investors’ exposure to tenant, property and investment style concentration.