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