(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has been recognised with two awards at the 2021 MSCI UK Property Investment Awards.
The Lime Property Fund (‘The Fund’) was awarded ‘Highest 10-year risk-adjusted return’ and ‘Best-performing Unlisted pooled balanced funds over £1.5bn’ at MSCI’s annual event, which recognise the best long-term performing funds in the market. They are the latest recognition from MSCI of the Lime Property Fund as the most secure and least volatile fund in the UK, which has outperformed all the other long-lease funds in the AREF long lease index over 1, 3 and 5 years, whilst also maintaining the MSCI highest risk-adjusted return of all real estate funds over the last 10 years.
Launched in 2004, the Lime Property Fund has over £3 billion of assets under management and targets cross-sector property investments around the UK that can provide inflation-linked or fixed rental uplifts, let to tenants on leases of over 15 years. In 2020, the Fund attracted almost £450 million in new capital commitments, as investors increasingly seek resilient income streams that can also offer cashflow matching characteristics.
In February, Aviva Investors published the 2021 edition of its Real Assets House View, which highlighted Long Income as an asset class expected to deliver best relative value among real assets strategies. The sector’s stability of cashflows, availability of competitively priced, long-dated finance in leases and loans and highly creditworthy counterparties, has contributed to resilient performance over the last twelve months.
Renos Booth, Head of Real Estate Long Income at Aviva Investors, commented:
“We are pleased to see the Lime Property Fund recognised at this year’s MSCI awards, likewise to have been able to continue delivering strong performance in a challenging market and at a time where low interest rates have meant long income strategies are increasingly sought after. We expect the relative value of the sector will keep driving demand for these strategies, with investors attracted by its long-term nature and the ability to incorporate social considerations into investments. What’s more, we look forward to continuing to provide our clients with positive performance in their portfolios.”
 Of all funds over £1 billion
 Past performance is not a reliable indicator of future performance. Return figures for The Lime Property Fund over 1, 3 and 5 years were 5.39%, 6.54% and 6.92% respectively (net of fees, GBP)