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Timbercreek Global Real Estate Fund

Manager Commentary 

The Timbercreek Global Real Estate Fund is pleased to provide you with a quarterly update which highlights the Fund's performance, portfolio changes and market commentary from the Portfolio Manager.


  • Despite solid earnings and a strengthening global economy, global real estate securities ended the third quarter in negative territory as a result of the appreciation of the Canadian dollar
  • The Fund generated a -0.4% total return on a net basis for the quarter and is up 2.8% year-to-date
  • Performance was driven by stock selection in Canada, the U.S. and Japan, and an underweight to Japan and Singapore
  • During the quarter, the Fund added exposure to diversified REITs while decreasing exposure to shopping centres

For further commentary, please click on the link below.

Quarterly Manager Commentary

Global Real Estate Securities investments are managed by Timbercreek Investment Management Inc.