LISTED PROPERTY BESTED
Equities offer best returns in January
SA equities strongly outperformed listed property in January, followed by Sapy and SA bonds, according to Catalyst Fund Managers
SA equities strongly outperformed listed property in January, with various blue chip property stocks’ share prices having come under pressure. According to Catalyst Fund Managers, equities as measured by the all share recorded the highest total return performance of 4.3% for the month, followed by the FTSE-JSE SA Listed Property index (Sapy), which only managed 1.6%. SA bonds were in third place with 1.4% and cash lagged behind with a 0.6% total return. Growthpoint, the largest South African-based Real Estate Investment Trust (Reit) with a market capitalisation of R74bn, mustered a total return that came to only 1.58% while Redefine Properties, the second-largest Reit, registered a negative return of 0.45%. On a 12-month basis, listed property has delivered a 15.4% total return, outperforming bonds with 11.9%, equities with 10.3% and cash with 7.5%. The Sapy ended the month on a historic yield of 6.53%, The yield-to-maturity on the Long Term Government Bond (R186) ended the month at...
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