Centro managed funds have continued to outperform with above benchmark returns and low volatility over the past 12 months.
In the 12 months to June 30, 2006, the Centro Direct Property Fund delivered a total annual return of 18.2%, while the recently released Centro Direct Property Fund International delivered a total return of 11.6% for the 10 months to June 30, 2006.
Both the DPF & DPFI are unlisted, open ended trusts investing primarily in direct retail property, and are available on many major platforms.
DPFI has an interest in a diversified portfolio of 103 underlying retail properties across the US.
In addition, Centro’s managed funds have grown significantly over the past 12 months, with the DPF’s total assets now exceeding $725 million and the relatively new DPFI already at over $430 million.
Centro’s general manager of unlisted funds & shared services Tony Torney said investors and advisers appreciate the diversification and risk reduction benefits of direct retail property in a balanced portfolio.
Torney added that importantly, these funds provide access to planners and intermediaries seeking retail property returns and are among the few available that provide investors with access to a diversified portfolio of quality direct retail property.
“We are pleased that in a very short period of time, the DPFI has not only gained scale and provided investors access to a diversified international direct property portfolio, but has also delivered strong performance,” he added.
Centro’s senior funds manager Bryce Mitchelson said Centro’s direct retail property funds continue to find favour with investors seeking consistent and steady long term performance through exposure to the solid fundamentals of retail property.
By Adam Parsons
