SUMMARY
The Fund returned +2.25% for the month. In comparison A-REITs delivered a +1.91% return in May, outperforming the broader equities market by +1.01%.
On a rolling year-to-date, the Fund is tracking at 26.72% return, outperforming the benchmark by +3.34%. The Fund’s outperformance is attributed to our active strategy of being benchmark unaware and not investing in pure office REITs, whilst leveraging into sectors with exposure to secular trends of AI and cloud computing such as data centres through our holdings in NextDC (NXT +41.55%) and Goodman Group (GMG +73.06%).