- The Atlas High Income Property Fund gained by +2.5% over the month of July in a quiet month that had limited news flow with
the majority of listed companies in “blackout” prior to the release of their half-yearly results in August.
- The key news over the month was the RBA cutting the cash rate by 0.25% to a record low of 1%. The falling official cash rate has seen the major banks cut their benchmark 180-day term deposit rates fall to 1.4%. While this looks grim for savers, the situation is likely to get worse with six-month interest rate futures at 0.78% which points towards further cuts.
Go to Monthly Newsletters for a more detailed discussion of the listed property market and the fund’s strategy going into 2020.