The Antares Listed Property Model Portfolio delivered a return of -4.6% (net of fees) for the month of June, outperforming its benchmark index by 0.2%.
The listed property market had a weak month, with the S&P/ASX 200 A-REIT Accumulation Index falling 4.8%. The sector was impacted by rising domestic bond yields and new supply, with Dexus doing a $550m equity raising. So far in 2017, the ASX 200 REIT sector is down 6.0% and has underperformed the broader share market by 7.0%.
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