Did you think bonds and cash were a flashier form of an asset class than property? Well, think again as listed property investments have emerged as investments that offer flexibility and liquidity.
This is according to Ian Anderson, the chief investment officer at Grindrod Asset Management, who insists that listed property is far more attractive than bonds.
"Bonds offer yields of 7.8% with no prospects of income growth. (On the other hand,) cash provides negative real yields," says Anderson.
"Returns of 12 to 16% per annum can be attained from listed property over the next five years."
With listed property as an investment option, you do not need to be landlord of a physical building to enjoy the benefits of long-term, inflation-hedged capital growth and a regular attractive income.
It is also a far cry from owning physical property, which brings with it the hassles of regular maintenance and high risk of exposure to a single building with a handful of tenants. Listed property investments provide exposure to a range of properties without these headaches.Read more
A Fin24 reader asks:
I will be retiring soon. Is it advisable to put a great deal of pension money in property unit trusts (PUTs)?
Don Richter, a personal finance specialist at PSG Konsult, responds:
First of all, I would like to say that if you try to put a great deal of money in property unit trusts, you will be restricted by Regulation 28 of the Pension Funds Act. This sets out the maximum exposures that retirement funds may have on various asset classes.
Previously, this was monitored at retirement fund level, meaning that investors could invest in unit trusts of their choice, provided that the retirement fund's total holdings complied with the regulation.
Recent revisions require members to comply with these asset class limits at an individual account level. The most important asset class limits in Regulation 28 are 75% in equities, 25% in property, and 25% in foreign assets. Read more
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