STANLIB MM property fund achieves five-star status

The STANLIB Multi-Manager Property Fund has achieved five-star status under the Standard & Poor's rating system.

The fund uses a 'blend' of three different property fund managers in a quest for the optimum balance of risk and return. The five-star performer has achieved a return of 19.99% over one year and 42.92% per annum over three years.

Malcolm Holmes, chief investment officer of STANLIB Multi-Manager, notes: "Independent corroboration of the effectiveness of our approach is always welcome.

"Five-star status is particularly pleasing as Standard & Poor's does not use a simplistic performance yardstick, but a basket of measures to assess returns relative to a fund's sector, with special emphasis on performance against volatility over a prolonged period."

Consistency of returns while actively managing risk is also a key benchmark at STANLIB Multi-Manager.

The STANLIB Multi-Manager Property Fund was launched in December 2002.

An ongoing quantitative and qualitative research process is used to assess all property managers in the domestic asset management universe. STANLIB Multi-Manager is responsible for selecting the best property managers and creating the optimal blend.