The performance of the fund has been driven by the retail accumulation unit price rising 44.2% since its launch, against a total return target of 5% CPI per annum over a rolling three-year period.
Barry MacLennan, investment director of mutual funds & life funds at Standard Life Investments, said: The UK retail market is one of the most competitive in the world, so it’s a real achievement that the Select Property Fund has been the best selling fund for the greater part of 2006.
Select Property Fund offers institutional and retail investors access to UK and international property markets in North America, Europe and across Asia Pacific, with its ability to access commercial property markets through direct investment, unquoted specialist property products and stock exchange listed property vehicles globally.
