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Nesi Chetty from Momentum Asset Management chose Investec Property Fund as his stock pick of the day. He says the fund has lagged behind its peers and is down 14% since March, “but one should look at Investec as a broader business, they have good quality retail and good quality industrial, with low vacancies at about 4.8%. The company is still demonstrating an improvement in net property income,  growing at around 6% and have done well to diversify the earnings base.”

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