Listed property comes top of the asset class
The listed property trust sector was far and away the top performer over key asset classes in July.
Listed property trusts returned 5.5 per cent for the month, however AUSBIL Partners chief investment officer Michael Wilson says the result comes on the back of several months of poor performance.
While listed property soared in July, concern over US interest rates continued to affect Australian and overseas equities. European equity markets had a case of the jitters. UK equities fell 1.4 per cent, Germany fell 5.1 per cent and France dropped 3.4 per cent. The S&P index in the US was down 3.2 per cent while Japan bucked the trend and rose 1.9 per cent.
However, while the markets were down, a fall in the dollar against the greenback, offset the weakness of markets to produce the positive international share returns.
Wilson forecasts continued volatility in equity markets around the world until there is a noticeable slowdown in US economic growth which may ease concerns over interest rates.
TABLE (IN COLOUR B'GROUND)
Asset ClassJuly 99 % return
International Bonds +0.1
Indexed Bonds +0.1
Australian Bonds +0.7
Australian Equities +1.8
International Equities +1.0
Direct Property +0.7
Listed Property Trusts +5.5
Cash (Bills) +0.4
Source: Ausbil Partners
AUTHOR
Jason Spits
Recommended for you
Global asset manager Janus Henderson could be acquired after receiving a non-binding acquisition proposal jointly from a private investment firm and venture capital firm.
Investment manager Salter Brothers has partnered with private equity firm Kilara Capital to launch an Australian sustainable investment platform focusing on decarbonisation.
Fresh off launching three active ETFs to the Australian market, Avantis Investors is already planning to expand its range with two further products next year.
Ausbil is growing its active ETF range with an ESG product in collaboration with sister company Candriam.
