Schroder Global Real Estate has reported a negative total return for the six months ended 30 June 2015 of 2.9%. An improvement in the fund’s discount gave shareholders a positive return of 1.9% however. They also say the performance is ahead of the return on the FTSEEPRA/NAREIT Index. The Company announced that a continuation vote will be put forward at the Annual General Meeting to be held in June 2017. If the resolution should not be passed, proposals will be made for the liquidation of the Company to enable those shareholders who wish to realise their holdings to do so.
There is no performance attribution in the report.
SGRE : Schroder Global Real Estate NAV falls in H1