STANLIB Global Property: ready to grow further after delivering good returns in 2023
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In 2023, global property delivered a total return of 11% in dollars and 19% in rands. Clients invested in both the STANLIB Global Property dollar and rand feeder retail funds have benefited from a recovery in the global property real estate investment trust (REIT) market. This follows a 30-year average return of 16% in rands from global property.
Both the STANLIB Global Property dollar and feeder funds are well positioned to deliver good capital and income growth in the years ahead, as the developed market interest rate cycle turns towards cuts rather than hikes. As both local and global property are relatively long-duration investments, we recommend that clients hold property over a longer period to benefit from not only structural improvements in key niche global sectors but also from stronger recovery in most developed markets.
Both the STANLIB Global Property dollar and feeder funds are well positioned to deliver good capital and income growth in the years ahead, as the developed market interest rate cycle turns towards cuts rather than hikes. As both local and global property are relatively long-duration investments, we recommend that clients hold property over a longer period to benefit from not only structural improvements in key niche global sectors but also from stronger recovery in most developed markets.
