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MSM Property 27four Fund  |  South African-Real Estate-General
0.5899    -0.0023    (-0.388%)
NAV price (ZAR) Fri 4 Oct 2024 (change prev day)


MSM Property comment - Mar 24 - Fund Manager Comment18 Jun 2024
The S&P500 Index rallied up 3.22% for March, closing out a strong quarter (10.56%) buoyed by the magnificent seven (artificial intelligence theme) along with good US economic data.
The ECB kept interest rates unchanged as European markets ended up 4% for March.

Even with a sluggish property sector, China released good economic data as manufacturing numbers showed a recovery. South Africa released sluggish economic data but saw relief as South African GDP was reported to be 0.6% for 2023.

The resources market made back some losses gaining 13.86%. Listed property was down by 0.5% as we beat the benchmark.
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