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Timbercreek U.S. REIT Preferred Fund

Manager Commentary



The Timbercreek U.S. REIT Preferred Fund is pleased to provide you with a quarterly update which highlights the Fund's performance, portfolio changes and includes a quarterly market commentary from the Portfolio Manager.

Q4 2018 – Market Commentary Highlights

  • Synchronized global growth propelled most asset classes to new highs in 2018, however fourth quarter volatility worked to erode many of these gains. Factors such as escalating trade wars, Brexit fears and rising interest rates in North America, all had a hand in weighing down the markets.
  • During the quarter, we added three positions across the single-family rental, diversified and hotel sectors while further concentrating the portfolio in our best ideas. 
  • In terms of what worked from a position perspective, data centres, hotels and triple net lease outperformed while diversified and regional malls underperformed. 
 

For further commentary, please click on the link below.

Quarterly Manager Commentary





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