- September saw global markets fall between -2% and -4% in a month dominated by geopolitical concerns such as the US presidential debate and rising Covid-19 cases in Europe. The Australian market fell by close to 4% over the month despite several states recording zero active cases of Covid-19 and restrictions being eased in Victoria.
- The Atlas High Income Property Fund declined slightly by -0.3% in September, a disappointing outcome as the Fund was in positive territory until the last day of September which unfortunately coincided with the US Presidential debate. The chaotic spectacle saw a broad-based sell-off on the Australian market that has since been recovered in October.
- The Fund declared a quarterly distribution of $0.029 per unit for the September Quarter. The distribution will be paid to investors in early October.
Go to Monthly Newsletters for a more detailed discussion of the listed property market and the fund’s strategy going into 2020.