June 13 2023
Three new offerings aimed at cashing in on undervalued global real estate markets head for the JSE’s ETF platform.
Looking for a hedge against the rapid implosion of South African earnings? Then it may be time to take a fresh look at the JSE’s growing pool of exchange traded funds (ETFs) that invest in offshore real estate markets. Cape Town-based boutique property asset manager Reitway Global, in partnership with investment administrator Prescient Fund Services, is listing three new global property ETFs early in June. Reitway Global CEO Greg Rawlins says offshore real estate investment trusts (REITS) took a big hit last year on the back of higher interest rates, which pushed up property owners’ debt funding costs. “So investors ran scared. That led to an indiscriminate sell-down of global real estate stocks, which has created a huge value opportunity in international REIT markets.”
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