Market Wrap - Stock pick — Investec Property Fund
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Nesi Chetty from Stanlib chose Investec Property Fund as his stock pick of the day.
"Investec Property Fund is one that we've liked for a while now and looking at the portfolio over time, they built up quite an exciting portfolio in SA, together with their expansive offshore footprint into european logistics business. Over time they have been getting quite good traction, rental income and yield on their offshore portfolio. There's still a continuous rigorous focus on their balance sheet management and they've done quite well to preserve cash."
"Investec Property Fund is one that we've liked for a while now and looking at the portfolio over time, they built up quite an exciting portfolio in SA, together with their expansive offshore footprint into european logistics business. Over time they have been getting quite good traction, rental income and yield on their offshore portfolio. There's still a continuous rigorous focus on their balance sheet management and they've done quite well to preserve cash."
