In terms of their fixed income positioning, Floor noted that it is concentrated in longer-duration government bonds balanced against substantial inflation-linked positions. This results in a healthy yield profile that also offers protection against inflation pressures.
“Most of our current listed property exposure is concentrated in the retail sector, with key holdings in local, and a more recent investment in Hammerson. We view retail property as a classic real asset, with the added benefit that it has been deeply out of favour, especially given narratives regarding e-commerce killing the shopping centre.” Jooste said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: