About Us

News

Davy Irish Property Fund awarded best performing fund

Focus on income a key differentiator as capital returns normalise

 

24th October 2018 | Davy Real Estate is pleased to announce that the Davy Irish Property Fund (“DIPF”) has won the prestigious MSCI European Property Investment Award 2018 for best performing fund in the Irish market over the three year period from 2015 – 2017 inclusive.  This is the second time in three years that DIPF has won this award.

The award reflects the consistently strong performance of the DIPF which has delivered the highest balanced total return relative to the real estate All Property Irish benchmark annualised over the 3 years to December 2017. DIPF had a 3-year asset level return of 17.6% per annum (pa), giving a relative outperformance of 2.3%pa compared with the sector benchmark.

Commenting, David Goddard, Davy Real Estate said:At DIPF our timely shift in focus from capital to income returns has been the key driver in delivering superior returns. We are especially pleased to have received this award as this performance comes on the back of two exceptional years of growth in 2013 and 2014, resulting in average annual returns of 24.28 per annum over the five year period 2013 to 2017 up to 30th September inclusive.

MSCI calculates the institutional fund benchmark for the Irish commercial property market based on constituent funds comprising IPUT, Green REIT, Hibernia REIT, Irish Life Property Fund, Friends First, Aviva Irish Property Fund, New Ireland Property Fund (managed by SSgA) and Setanta.

The award reflects the team’s continuing focus on active, value add asset management cross all the assets in the portfolio to maximise the capital and income returns for the Unitholders.

 

Warning: Past performance is not a reliable guide to future performance. The value of your investment may go down as well as up.

 

Fund performance V’s benchmark in the 3-year period to 31 December 2017

QTR – Q4 2017

YTD to 1 January – 31 December 2017

1 yr. – 2017

3 yr. p.a. – 2015 – 2017

5 yr. p.a. – 2013 – 2017

All data correct as at 31 December 2017

Source: Investment Property Databank

 

The Fund’s assets are benchmarked against the universe of Investment Property Databank (IPD). Performance is measured at an asset level excluding cash holding and on a gross basis (ie before the deduction of fees and charges). The net effect of fees and other charges is approximately 0.75%.

All data correct as at 31 December 2017

Source: Northern Trust and J&E Davy

These figures are net of fees and represent calendar year performance.

All performance data refers to Unit Class D (Distributing)-SEDOL Number 9795233.

Capital Return represents Net Asset Value (NAV) excluding dividends. Income Return represents dividends distributed.

 

Warning: Past performance is not a reliable guide to future performance. The value of your investment may go down as well as up. The income you get from this investment may go down as well as up.

 

About Davy Real Estate

Davy Real Estate is a division of J&E Davy. The Davy Group is Ireland's leading provider of wealth management, asset management, capital markets and financial advisory services.

Davy Real Estate invests in and manages real estate assets in Ireland on behalf of domestic and international investors.

The Davy Real Estate team manages in excess of €1.4bn in real estate assets as at 30 June 2018 through both regulated and unregulated structures. For further information in relation to direct real estate investment or other unregulated activities of the team please contact us directly.

More details on DIPF, the Davy Real Estate team and the other services can be found at www.davy.ie/real-estate