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April Monthly Newsletter

  • The Atlas High Income Property Fund had another solid month gaining +2.2% avoiding market falls both in Australia and globally. April was a very volatile month, with the S&P falling -9%, MSCI World -7% and the ASX 200 -1%. Rising inflation, the expectation of central bank rate hikes and the ongoing war in the Ukraine saw investors globally become more risk-averse.
  • Concerns about inflation continued to influence markets over April, which was negative for companies with minimal to no earnings today, but with the promise of large profits in the distant future. As the Fund is populated with Trusts that deliver stable earnings today, revenue that increases in line with inflation and debt that is hedged for an average of 5 years, rising inflation should have a limited impact on the Portfolio.

Go to Monthly Newsletters for a more detailed discussion of the listed property market and the fund’s strategy going into 2022

March Monthly Newsletter

  • The Atlas High Income Property Fund had a solid month gaining +2.9% continuing to recover from the fall from January which saw panic selling on share markets globally based on inflation fears. The Fund maintained its value over the first quarter of 2022, a pleasing outcome in a period where ASX Listed Property declined by -7.4%.
  • The February reporting season was positive for the companies owned in the Fund and revealed continued improvement in company fundamentals, with management generally guiding to higher distributions over the coming year. March saw investors continuing to favour companies with characteristics Atlas values, namely consistent and stable earnings backed by long leases to high quality tenants.
  • The Fund declared a quarterly distribution of $0.036 per unit for the March Quarter. The distribution will be paid to investors in early April.

Go to Monthly Newsletters for a more detailed discussion of the listed property market and the fund’s strategy going into 2022

AFR: Wall of private capital’ chasing M&A deals on ASX

‘Wall of private capital’ chasing M&A deals on ASX

“We are still seeing some larger deals and the AGL bid was an example of that,” said Ms Tinker. “Given the tailwinds, I wouldn’t rule out similar sized deals.” While offshore buyers have been a driving force for M&A on the local market for some time, the rise of local superannuation funds has meant more companies are now up for grabs.