January Monthly Newsletter

* 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