In March the listed property sector was effectively unchanged, a solid outcome in a month when the ASX200 declined by -3.8% and equity markets globally fell between -2% and -4% on concerns about a potential Trump trade war and rising tariffs.
The Atlas Fund declined slightly by -0.24% in a month were Listed Property effectively sat on the sidelines and ignored market volatility.
We see that after the pull back in early 2018, the listed property market is offering investors some interesting opportunities with a range of trusts offering stable distribution yields between 6% and 7% and are trading at discounts to their net tangible assets. In this environment we would expect management teams to be looking at initiating on-market share buy-backs.
Go to Monthly Newsletters for a more detailed discussion of the listed property market and the fund’s strategy going into 2018.
