- September was a tough month for investors in Listed Property and whilst the Fund is designed to navigate market turbulence, the unit price did decline by -0.5%. In weak markets such as we saw this month; the Fund’s risk management strategies acted as expected and reduced volatility.
- Over the month the Australian Listed Property sector declined by -1.8%, the sector’s first decline since March. We note that Trusts with earnings backed by development profits, rather than recurring rents, saw greater price falls in September.
- The Fund paid a distribution of 4.84 cents per unit at the end of September, roughly in-line with the June quarterly distribution.
Go to Monthly Newsletters for a more detailed discussion of the listed property market and the fund’s strategy going into 2019.