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Three commercial property funds that go beyond offices and shops

© Getty Images/iStockphoto The property market has made a pedestrian recovery from the pandemic. The MSCI World index has rebounded by 30% over the past year, whereas one of the key property industry measures, the IPD UK index, is up by a mere 4%.  The recovery in the listed real-estate investment trust sector (these trusts are known as Reits) has been more pronounced, but is still a tad underwhelming. Reits are up by 24.8% overall, while the average gain in global equity funds is over 40%, according to data from the funds team at Numis, a stockbroker. You can see why there might be some lingering caution. I’m still not sure how the pandemic will affect the core sectors of offices and retail over the longer term. Take demand for offices. There will be a structural shift towards more homeworking, but I’d be sceptical about bold claims for a fundamental shift out of the big cities. Similarly, in retail we could see high streets bounce back. 

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