Monthly Newsletter July 2018

  • In July, the Fund gained +0.7% This is ahead of expectations given the Fund’s lower risk portfolio and high cash weight.
  • The Australian Listed Property sector continued rallying in July and has now recovered the losses sustained in the first three months of 2018. An element of this recovery is due to the view that Amazon might not be the death of Australian retailers. Over the month Amazon Australia revealed sales of just $16 million for 2017, a small fraction of JB HI-Fi’s $6.3 billion in revenue.

Go to Monthly Newsletters for a more detailed discussion of the listed property market and the fund’s strategy going into 2018.