Investor Information

Reitway Review - Edition 17

Reitway Review - Edition 17

    Global real estate securities, as measured by the GPR 250 REIT World Index, generated a modest total return of 1.12% in U.S. dollars during the second quarter of 2017. The macro backdrop was generally supportive as global growth continued at a measured pace while inflation data remained soft.

    Bond market volatility picked up noticeably during the last week of June as investors digested a string of hawkish comments from previously dovish central banks. An optimistic speech from ECB President Mario Draghi set the tone, triggering the biggest single day rise in German bond yields in over two years. This was followed up by comments from BoE Governor Mark Carney and BoC Governor Stephen Poloz suggesting that higher rates may be needed soon in the U.K and Canada, triggering sell-offs in Gilts and Canadian bonds.