The third quarter of 2006 saw a rebound in performance of the Real Estate segment of collective investment schemes (previously called unit trusts) after a large dip in the second quarter ending June. On average, these funds saw a return of 8.3% for the third quarter ending September, after a somewhat dismal loss of 15.9% in the second quarter, according to official returns of the Association of Collective Investments (ACI) prepared by Hugo Lambrechts.

The asset base of property funds registered with the Association of Collective Investments (ACI) had grown to more than R14-billion by end-September 2005, according to the ACI’s most recent statistical release.  This is 83% above January 2005 levels and 253% higher than January 2004.