Most retail (i.e. non-institutional) investors tend to hold their real estate allocation through a collective investment vehicle, or fund. For listed real estate and real asset securities, there are a wide range of options. These vary from geographical real estate mandates, (Global, European, US, and Asian), to investment styles, (Income Funds, Smart Beta strategies), to non real estate categories (Infrastructure, Real Assets, and alternative Strategies)

Each month Consilia Capital produce a report highlighting the performance of and flows into these different types of funds, as well as examining a topic of interest. We will publish a summary of each month’s report here on The Property Chronicle .

 1) performance in US$ : 

As can be seen from the table below, (which is ranked by average July returns for each main mandate) July saw a modest recovery (after a dreadful 1H 18) for Infrastructure Funds, with all mandates in positive territory. It remains the case, however, that European Funds are the only area where returns are positive (just) for the Year to date.