Why listed property is not as safe as houses
A huge gap between the best and worst performers means property unit trust buyers need to pick with care
An eye-popping 57% gap between SA’s best-and worst-performing property unit trust funds underscores just how critical stock-picking has become. And the volatility in what had been a predictably lucrative asset class is also something of a crisis for SA’s property-loving, dividend-hungry investors.
For example, the Meago Enhanced Global Property Prescient Fund, a rand hedge play, produced a 30% total rand return for the 12 months to the end of May, according to Morningstar and the Association for Saving & Investment SA.