- June was a very volatile month in Listed Property with the index initially gaining 2% before ending the month down -4.8%, mainly driven by a -3% fall on the final day of the month on a bond market mini sell-off.
- The Fund’s unit price fell -3.1% as declines in share prices were offset to some degree by income received from distributions and calls that the Fund sold that expired worthless. In the broad based sell-off in late June there were few places for investors to hide.
- The fund generated 1.3% in income over the month of June and we will look to increase the Fund’s ability to generate additional income from the assets held.
- June was a significant month for the Atlas High Income Property Fund, which is now listed on the ASX’s mFunds platform (AFM01).
Go to Monthly Newsletters for a more detailed discussion of the listed property market in May and the fund’s strategy