24.07.2012 - S.Africa: Property funds come up trumps
Funds invested in the local listed property sector were the star performers over the quarter to the end of June, returning on average 8.92 percent for the quarter. This fund sub-category was also the best- or second-best-performing sector over longer periods up to five years. Domestic real estate general funds had the second-highest returns over the year to the end of June, with an average return of 22.67 percent, according to ProfileData. Over three years, this sub-category was the second-best-performing sub-category, with an annual average return of 21.41 percent...............................................Full Article: Source
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