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Timbercreek Global Real Estate Income Fund

Manager Commentary

The Timbercreek Global Real Estate Income 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.

Highlights

  • Despite market volatility during the quarter, global real estate securities outperformed global equities driven by strong operating results and rising M&A activity.
  • The Fund generated a +7.2% total return in the quarter and is up 3.7% in the first half of 2018.
  • Positive contributions to performance were led by stock selection in the U.S. and underweights to Hong Kong and Japan.
  • The Fund's exposure to REIT preferred shares positively contributed to performance.

For further commentary, please click on the link below.

Quarterly Manager Commentary

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