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* January proved to be a very volatile month dominated by macroeconomic news predominantly around global central banks raising rates rate rises, rather than company fundamentals as companies were in blackout before the February reporting season. Australian listed property was hit hard and declined by close to -10% over the month.
* The Atlas High Income Property Fund declined by -6% in January on general market sentiment rather than investment fundamentals, effectively giving up the gains from December 2021. Atlas is looking forward to the February profit season which we expect will show both a continued improvement in the financials of the Trusts that we own and that management will guide to higher distributions through the rest of 2022.
* The first week of February has seen the Fund recover a significant portion of January’s falls after several large holdings have reported solid profit results for the six months ending December 2021.

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

My biggest investment mistake … and what I learnt from it

Multiple authors, Magellan Financial Group, Atlas Funds Management , Firetrail Investments, Intelligent Investor, Burman Invest Vihari Ross is Head of Research, Portfolio Manager, Magellan Financial Group Hugh Dive is Chief Investment Officer, Atlas Funds Management Kyle Macintyre is Investment Director, Firetrail Investments Nathan Bell is Portfolio Manager, Intelligent Investor Julia Lee is Chief Investment Officer, Burman Invest

Australia’s biggest companies set to reveal the costs of COVID-19

It’s that time of the year again – when investors get flooded with updates from the nation’s largest companies about how much money they’re earning. Market experts are expecting strong results from ASX-listed companies in the next few weeks as reporting season ramps up.

• Atlas High Income Property Fund had a very solid month in December gaining +5.0%, benefiting from a rotation from highly valued tech companies that pay little income into stable dividend paying stocks which populate the Portfolio.
• In December, eight Trusts in the portfolio paid distributions, with the majority posting an increase on the distribution declared in June 2021. While fears around the virus still dominate the news cycle, most company boards have more confidence around profitability amid lockdowns and mobility restrictions as many companies saw minimal changes to profitability during the dark days of 2020.
• The Fund declared a quarterly distribution of $0.036 per unit for the December Quarter, a small increase in September’s distribution. The distribution was paid to investors in early January.  

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

ASX proves resilient amid US market sell-off

The S&P/ASX 200 Index is just over 2 per cent shy of hitting a record while the Nasdaq Composite has fallen 7 per cent from its peak in mid-November. On Friday, the US unemployment rate fell to 3.9 per cent and monthly wage growth accelerated in December.