Reitway Global (Pty) Ltd, in collaboration with Absa Corporate and Investment Bank, a division of Absa Bank Limited, announced the listing of the NewFunds Reitway Global Property ETF on the Johannesburg Securities Exchange on May 26th 2021. In this video we take you through the Index, the Objectives and the Fund summary, with our partners at Global Property Research and Absa Corporate and Investment Bank. Watch video here
26 May 2021 Reitway Global (Pty) Ltd, in collaboration with Absa Corporate and Investment Banking, via its approved manager of the NewFunds Collective Investments Scheme, are pleased to announce the listing of the NewFunds Reitway Global Property ETF on the Johannesburg Stock Exchange today. The Investment Objective The primary objective of the ETF is to track a rule driven, market liquidity-based index, which aims to outperform traditional market cap weighted comparatives. The ETF is designed to give investors exposure to listed global property stocks selected according to the reference index. This will be achieved by replicating and tracking the Reitway…
The Manager has elected to extend the Ramp-Up Period by two days to allow for the purchase of all underlying securities.
Global real estate, as measured by the GPR 250 REIT World Index, had a solid start to the year. The index gained 7.28% in US dollar terms during the first quarter of 2021. For the quarter, listed property outperformed equities1 (7.6% vs 6.3%) as well as bonds2 (7.6% vs -3.4%). Our portfolio gained 5.13% in USD during the quarter.
Reitway Global will launch its first property ETF on the JSE on 25 May, according to Reitway Global CEO Greg Rawlins. The fund manager is also looking to list a similar property ETF on the New York Stock Exchange (NYSE). ‘We are looking at listing an ETF on the JSE and then launching another ETF on the NYSE that will track the same index,’ he told Citywire South Africa. The JSE approved the listing on Wednesday. The new fund, which will be launched with Absa, will be called the NewFunds Reitway Global Property ETF. It will track a custom index created by…
The Newfunds Collective Investment Scheme in Securities Newfunds Reitway Global Property ETF JSE code: NEWPRP ISIN: ZAE000296752 (“RGP ETF” or “the Portfolio”) INTRODUCTION The Newfunds Reitway Global Property ETF is managed by NewFunds (RF) Proprietary Limited (the “Manager”) and has been established with the intention of allowing an Investor to gain exposure to the securities of eligible listed property companies in the Americas, Asia Pacific and Europe, Middle East and Africa regions. The Portfolio will track and replicate the GPR Reitway Global Property Index (the “Index”) and is calculated and maintained by Global Property Research B.V. Global Property Research B.V.…
We are very proud to share that we have been nominated for the Money Management "Fund Manager of the Year 2021" Award, under the category, Global Property Securities. Good luck to all our peers that have been nominated. See the nominations here
Reitway Global CIO Garreth Elston said during a webinar that global retail and office property valuations have rebounded this year as investors have picked up depressed assets. In 2020, global retail property lost 21%, and office property declined by nearly 14% last year. During the first three months of this year, however, global retail property gained 13%, and world office property rebounded by 6%. Download full article Source: CityWire
Over the past few years global listed property has become an increasingly important asset class for South African investors. With local property under pressure and asset allocators looking for diversified sources of return offshore, it has found its way into a growing number of multi-asset class portfolios. The performance from the asset class has also been attractive. While it has not kept up with global equities, it has materially out-performed global bonds. Over the past three years, the FTSE EPRA Nareit Developed Index is up a cumulative 48.7% in rand terms. Download the full article here (Source: CityWire)