- The Fund gained +3%, which was ahead of expectations given the Fund’s lower risk portfolio and high cash weight.
- After having a weak start to 2018, the Listed Property sector has stabilised over the last quarter aided by positive market updates and takeover activity in the sector.
- The main news over the month was the approval by shareholders of the Westfield takeover and the bid by Blackstone for Investa Office Trust.
Go to Monthly Newsletters for a more detailed discussion of the listed property market and the fund’s strategy going into 2018.