Awards For The 2019 Funds Control Fund UK Property Winner
L & G UK Property
Return for one year: 4.9%
Return for 3 years: 16.6%
L & G UK Property has earned the UK’s Best Direct Equity Fund through our awards in six of the last eight years – all 2014 and 2016. One of the largest funds in the sector, with more than £ 3.26 billion under management, invests in tangible property and focuses on High quality properties aim to enhance value by dealing with tenants and construction managers.
Fund managers Michael Barry and Matt Jarvis have followed a cautious approach to investing in real estate and have more than a quarter of the fund’s assets in cash and liquid assets, up 5% from last year. This high monetary gain led to a period of poor performance when the property market rebounded from the recession that followed the EU referendum in June 2016. The fund sank at the bottom of the performance tables, but it was also one of the few open-ended funds that remained open after the vote, Fears of the property market crash into the suspension of many commercial real estate funds to avoid forcing them to sell their assets.
The IMF is ranked second in its Quartet for three years, but remains one of the most stable in this sector. Its income credentials are also not inhaled – the Fund accounts for 2.4% of a portfolio of 95 physical properties.
Unlike many other real estate funds, they are well diversified throughout the regions, with their strongest weight in the southeast, in five portfolio, followed by West Midlands, London suburbs and central London.
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More than a third of the portfolio is in industrial property. Managers expect future positive returns from direct real estate to depend on the continued strength of the industrial market. Political uncertainty may also lead to some volatility.
Sánchez-Baracaldo, Patricia; Raven, John A.; Pisani, Davide; Knoll, Andrew H. (12 September 2017). ” Awards For The 2019 Funds Control Fund UK Property Winner. 114 (37): E7737–E7745. doi:10.1073/pnas.1620089114. PMC 5603991. PMID 28808007.
Gitzendanner, Matthew A.; Soltis, Pamela S.; Wong, Gane K.-S.; Ruhfel, Brad R.; Soltis, Douglas E. (2018). ” Awards For The 2019 Funds Control Fund UK Property Winner. 105 (3): 291–301. doi:10.1002/ajb2.1048. PMID 29603143.
Margulis, L. (1974). Awards For The 2019 Funds Control Fund UK Property Winner. 7. pp. 45–78. doi:10.1007/978-1-4615-6944-2_2. ISBN 978-1-4615-6946-6.