In a surprise turn of events, ApexHi Properties’ new C units, which were introduced on to the JSE’s main board six weeks ago, have doubled in value in the first month of trading.

Monday, 11 April 2005 02:00

Keep on holding that attractive yield

REMAIN COMMITTED: Standard Bank Properties’ Mariette Warner.

Wednesday, 16 February 2005 02:00

Property funds on stream

Unit trust company Stanlib is launching a new batch of collective investment schemes because of the high level of demand for listed property.

Wednesday, 16 February 2005 02:00

Funds open global route to property

The launch of two new global property funds will give South African investors access to quality properties the world over, including the London property market.

Thursday, 10 February 2005 02:00

Nuts and bolts of the property boom

You don't necessarily need to own bricks and mortar to take part in the property boom.

Tuesday, 08 February 2005 02:00

Top funds deliver 50% plus

Listed property had another good run in 2004 achieving average total returns of 41%, outperforming the JSE Securities Exchange’s all-share index, bonds and cash. Those who invested in listed property via specialist unit trust funds (offered by among others Coronation, Marriott, Old Mutual and Stanlib) would have achieved similar returns. Figures from Standard & Poor’s (see unit trust pages) confirm that flexible property unit trust funds achieved total returns over the past 12 months of between 30% and 38%. The top performer in this sector was Old Mutual’s SA Quoted Property fund.

Thursday, 03 February 2005 02:00

Property fund turns away new investment

Leading unit trust company Stanlib announces with effect 1 February 2005 its Multi-Manager Property Fund - run by Marriott Properties and Standard Bank Properties - is closed to new investment. Stanlib head of investments Malcolm Holmes

Monday, 31 January 2005 02:00

Hot property

Listed property made investors rich last year, but is it 2005’s best buy, ask Adele Shevel and Chris Needham

Stanlib, the country's largest unit trust company, is forecasting 15 percent growth in the listed property market over the next year.

Tuesday, 25 February 2003 10:01

Stanlib keen on construction

Stanlib Asset Management is bullish on the SA construction sector with the bulk of its funds substantially overweight in this area.

Construction IndustryThe fund manager has taken a strong view on companies such as Aveng, Murray & Roberts and Barloworld due to substantial investment in SA infrastructure.

The Stanlib quarterly market overview blamed the underperformance of its flagship Liberty Wealthbuilder fund on the funds mandate. Wealthbuilder has higher exposure to international companies than its peers and less exposure to medium and small cap companies, a sector which outperformed the market by 30% over the past year. International equities lost 28% over the same period.

Imtiaz Ahmed, the funds manager and head of multi manager clients at Stanlib asset management, said: 'The fund has underperformed, but has remained true to its benchmark. It does not subscribe to the latest investment fads. Other general equity funds have performed well because of their mid and small cap holdings, but there is greater risk involved with this strategy.' He said there would be 'two or three' interest rate cuts this year, and predicted that SA equities would outperform SA bonds over the year.

Paul Hansen, director of Stanlib retail investments, said it was unrealistic to expect the rand to stay at current levels through the year. 'For 14 consecutive years the rand lost value against the US dollar,' he said. 'The law of averages says this can't be sustained although the rand is an extremely difficult currency to make a call on.'

The Stanlib house forecast is for the rand to be at R10,75/ by the end of the year, which Hansen conceded looked a little unrealistic at present. 'The balance of probability is that the rand will be weaker this year,' he said.

Stanlib also outlined the time scale for the continued integration of Standard and Liberty businesses for this year. The group expected to complete its rationalisation phase this year, a stage which would include the unit trust conversion process and business process alignment, the fund manager announced.

 

 

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