Funds managed by Square AM enjoy best returns in 2023

The funds Property Core Real Estate and CA Património Crescente, managed by Square Asset Management, enjoyed the best returns for investors in 2023 in the category of open accumulative funds according to the Portuguese Association of Investment Funds, Pensions and Patrimonies (APFIPP).

Property Core Real Estate Fund, commercialised by Novobanco and Banco Best, saw a 5.39% return. CA Patrimonio Crescente, sold by Crédito Agrícola ended 2023 with yields of 5.02%.
These two funds currently generate assets of €54 million and €1.2Bn respectively.
“The APFIPP numbers give us confidence in our strategy in terms of consolidation over the years, based on a high risk control, on diversifying portfolios across different activity sectors, and in stable contracts to maturity,” says Pedro Coelho, CEO of Square AM.
The fund CA Património Crescente was distinguished in 2023 with the MSCI European Property Investment Awards award, which distinguished the Portuguese real estate portfolio for offering the best rate of return. It is also the largest open real estate fund on the Iberian peninsula.