Pan-European real estate equities enjoyed a solid month. The Trust’s net asset value (NAV) increased by 2.5% in November, while the benchmark rose 1.4%. At the regional level, the UK and Europe (in local-currency terms) performed almost identically, with the UK up 2.4% and continental Europe up 2.5% in euro terms.
Click here for the Sept 2019 Interim Report
Pan European real estate equities experienced a broad range of returns in October. Macro forces again dominated. The UK Parliament finally managed to agree on one thing – the date for the General Election. Currency markets took the reduced likelihood of a ‘no-deal’ Brexit positively and GBP strengthened 2.9% versus EUR over the month. GBP… Read More »
The return to work following the summer holiday period has seen a continuation of the strong recovery (from the mid August lows) of UK property companies share prices. Whilst the overall pan European benchmark returned 2.29% (in GBP terms), the UK contributed 6.88%. This dramatic recovery means that the UK names have almost matched the… Read More »
On the face of it, an encouragingly positive month for pan European real estate equities with the Trust’s benchmark returning +2.73%. Continental property shares steadily rose over the month (+3.5%) with a large number of outstanding individual performances (13 companies returned more than 10% in the month with just 2 from the UK). However, the… Read More »