While the fortunes of local equity markets improved nicely over the past 3 months, within equities there was a major turnaround in fortunes between different sectors and the fortunes of Listed Property from 3 months ago
Comparing various indicators of 3 months ago with the latest indicators over a 3 month period in each case, Listed Property was the worst performing asset class (-10%) while it is now the top performing asset class (15.4%). Top performing asset class previously was Bonds (1.5%), while it is now the worst performing asset class after cash (4.1%). Equities previously returned -0.6% compared to 9.6% for the latest 3 month period.
...