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.”
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.