January was a weak month as the listed property sector was sold off -3.3%, due to rising bond yields weighing down on income stocks globally.
The Atlas Fund returned -2.7% in a month where there were few places for investors to hide, as all trusts were sold down with little regard to the quality of their property assets, nor their earnings outlook.
The Fund remains positioned towards Trusts that offer recurring earnings streams from rental income rather than development profits. As the Fund’s distributions are supported by long-term lease agreements with blue-chip industrial companies, and not swinging emotions of the market, we see that the Fund will be well placed to weather current market volatility.Go to Monthly Newsletters for a more detailed discussion of the listed property market in January and the fund’s strategy going into 2018.
