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Folkestone Monthly Report: Fund Returned +3.05%, Market Review, A-REIT Report & Residential Property Update

  • Published April 15, 2016 11:59AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

14th April 2016, Folkestone

For the month of March, the Fund returned +3.05% (on an After Fee but Before Tax basis), outperforming the Fund’s Benchmark (S&P/ASX 300 A-REIT Accumulative Index) by 0.55%.

The March 2016 Monthly Report provides a snapshot of the Fund and A-REIT sector’s performance.

Market Review

Global equities rallied during the month driven by the accommodation stance of the central banks, with the ECB cutting rates and expecting its asset purchase program early in the month, followed by the US Fed adopting a more cautious approach regarding the timing of US interest rate rises. Cyclical sectors outperformed whilst the defensive sectors lagged with the exception of the REITs which was one of the best performing subsectors globally.

To view the full monthly report please click on the button below.

To view the A-REIT Sector Performance report please click on the button below.

To view the full Residential Sector Performance report please click on the button below.

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