News and Announcements
Folkestone Outperforms Benchmark by 4.62%.
- Published April 13, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
For the 12 months to March 2017, the Fund returned +10.93% (after Fees but Before Tax), outperforming its benchmark by 4.62%.
The Monthly Report provides a snapshot of the Fund and the A-REIT sector’s performance.
Market Review
During March, the US Federal Reserve carried out one of the three anticipated Federal Fund rate hikes for 2017, taking the cash rate 25 basis points higher to a range of 0.75-1.00%. The outlook however, was perceived to be ‘dovish’ and generated concerns about the US economy going into a period of reflation.