| With South African 10-year government bonds offering healthy inflation-beating yields to local investors, why would anyone risk investing in dollar-denominated global real estate funds? Bar the obvious diversification benefits, taking on the risk of currency weakness demands some strong future return prospects from an asset class. Those return prospects are what Ryan Cloete (pictured below), portfolio manager at Catalyst Fund Managers, believes selected global real estate picks can deliver to South African investors. ‘The beauty of real estate at the moment – something that is probably very underappreciated – is just how resilient that earnings stream is. |
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