Raymond James We are maintaining our more constructive view for the REITs versus the broader market but note that the REIT index is up 12% YTD, and since interest rates peaked last October, the REIT index has outperformed the S&P 500 by 1,100-1,200 bp.
Reitway Global (Pty) Ltd has announced the appointment of Garreth Elston to the position of Chief Investment Officer (CIO) with effect 1 March 2019. He will be taking over from Greg Rawlins, who has had the dual responsibility of CIO and CEO since the inception of the company in 2012. Greg will remain a member of the investment committee whilst focusing on his primary role as CEO.
Many high-net-worth South Africans with offshore assets make use of offshore companies, trusts or other entities to house their assets. They are likely now to be forced to review their offshore structures, including even the most standard ones, in light of a new rising tide in the form of the so-called EU Economic Substance Requirements, which have been translated into legislation with effect from 1 January 2019. Click here to download full article (Source: MoneyWeb)
Investing in REITs helps returns in a diversified portfolio in several ways. Most importantly, REITs have delivered a long-term total return to investors that generally matches and often beats broad market aggregates. For example, the compound annual total return on the FTSE-Nareit All Equity REITs index in the 25 years through January, 2019, was 10.3 percent, one full percentage point higher than the total return on the S&P 500 over the same period. Click here to download full article (Source: Nareit)
REIT share prices rose sharply in January, delivering to investors (PDF), according to the FTSE Nareit All Equity REITs Index. REITs outpaced the broader stock market, as the S&P 500 posted a total return of 8.0 percent. In fact, January was the strongest monthly performance for REITs since October 2011. Click here to download full article (Source: Nareit)
Global equity markets suffered a significant correction during the fourth quarter of 2018. The weakness experienced across many emerging markets through September spread to developed markets, with the highly valued technology stocks in the S&P 500 Index leading the way down. While real estate equity markets were certainly not immune, they were far less affected.
REITs have generally provided a solid bulwark against stock market declines, with both a low correlation (typically about 60 percent when measured using monthly returns) and a low beta (typically about 0.6, also based on monthly returns) to the broad stock market. Click here to download full article (Source: Nareit)