Investa’s flagship wholesale fund, Investa Commercial Property Fund (ICPF) has been recognised this week as the best performing Australian unlisted fund for calendar year 2015 across all sectors as measured by the highly regarded Mercer/IPD Australia Unlisted Wholesale Property Fund Index.
The index is the leading performance benchmark for the unlisted core sector, measuring the returns of all unlisted Australian core property funds on a monthly basis over a variety of time periods. The index is substantial - covering an investment universe of $52 billion in assets and 15 funds across the office, retail, industrial & diversified sectors.
ICPF return outperformance against the key benchmarks was:
- Mercer/IPD Australia Unlisted Wholesale Property Fund Index: 440 basis points
- Mercer/IPD Australia Unlisted Wholesale Office Property Fund Index: 140 basis points
ICPF’s return performance over the longer term is also very well ranked against the index and peer funds, delivering 12.3% over two years and 10.1% over five years, outperforming the Mercer/IPD Australia Unlisted Wholesale Property Fund Index across all periods.
Peter Menegazzo, Fund Manager ICPF said: “This is a fantastic result and one that we are very proud of. It demonstrates that our team’s ongoing efforts are delivering market leading returns for our clients and the Investa Office teams’ market leading management capability in the office sector.”