- The S&P/ASX 200 A-REIT index had a weak month in April falling by -2.6%, the sector’s first fall since November 2018. Given the Listed Propery sector’s very strong performance in 2019 it is not surprising to see the sector take a step back.
- The Atlas High Income Property Fund declined by -1.2% in April with weakness in domestic retail landlords being offset by gains in Unibal-Rodamco-Westfield. In weak markets such as we saw this month; the Fund’s risk management strategies acted in-line with expectations and reduced volatility.
Go to Monthly Newsletters for a more detailed discussion of the listed property market and the fund’s strategy going into 2019.