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.

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