Monthly Newsletter June 2018

  • In June, the Fund gained +1.4% which makes for an 8% return for the quarter. This is ahead of expectations given the Fund’s lower risk portfolio and high cash weight.
  • After having a weak start to 2018 due to concerns about rapidly rising interest rates and the impact of Amazon, the listed property sector continued to rebound in June due to increased corporate activity in the sector. Additionally, domestic retailers should see a benefit from 1 July 2018 onwards as GST will now be applied to all imported goods.
  • The Fund has increased its distribution for the June quarter and has been active in reducing risk over the last month.

 

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