Genesta's Fund Outperforms IPD's Swedish Property Index
GNBRE outperformed the IPD Sweden Annual Property Index by 2.5 percentage points and recorded a total return of 10.6% in 2014 while the benchmark IPD Sweden Annual Property Index rose by 8.1%.
The fund is ranked in the upper quartile in the IPD benchmark. The total return includes both income and capital return.
The IPD Sweden Annual Property Index measures ungeared total returns to directly held standing property investments from one open market valuation to the next. The index tracks performance of 2,849 property investments, with a total capital value of SEK 464 billion as of December 2014.
GNBRE's active fund and asset management across the portfolio has driven the performance. Calculating the performance over the last five years, the GNBRE´s Swedish assets has recorded a return of 12.2% per annum, a relative outperformance of 3.9 percentage points to the IPD Sweden Annual Property Index.