- November was another volatile month for markets globally, though Listed Property was a steady performer in a month dominated by global macroeconomic concerns and sharp falls in commodity prices, which resulted in the ASX 200 falling -2.2%.
- The Atlas High Income Property Fund declined by -0.5% in November, roughly matching the index. Over the month, several of the Trusts held in the Fund held their Annual General Meetings (AGM) where management teams confirmed that they were on track to achieve the profit guidance for 2019 given to the market in August.
- Whilst Australian housing prices have been falling, residential property represents a very small part of the Listed Property index that is dominated by commercial, industrial and office real estate, sectors that have been performing strongly in 2018.
Go to Monthly Newsletters for a more detailed discussion of the listed property market and the fund’s strategy going into 2019.