SUMMARY
The AREIT sector delivered strong performance of +2.2% in August assisted by continued moderation in the cash rate and Goodman Group’s (GMG) stellar performance of +13.7% during the month. In comparison, the Fund also delivered strong performance of +3.3%, outperforming the benchmark by +1.1%. This was attributable to our exposure to GMG and NextDC (NXT +6.2%) and a clear underweight to the office sector (-7.8%).