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Japan consumption tax an ‘acid test’, says Henderson property manager
by Nick Tay on Aug 20, 2013 at 13:58
Key underweights that contributed positively to the fund’s performance were Hong Kong-based real estate company Hang Lung Properties and property developer Sino Land. One strong stock pick, says Gibson, was Indonesia-based real estate developer Pakuwon Jati.
‘Pakuwon Jati’s portfolio is more diversified than other Indonesian companies, which tend to be more focused in residentials. The good thing about the stock is they own the best retail assets in Indonesia.’
Since the start of 2013, Henderson Asia-Pacific Property Equities has returned 3.26% against the benchmark FTSE EPRA/NAREIT Developed Pure Asia TR return of 0.80% as at end-July 2013 in USD terms.
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on Dec 10, 2013 at 12:57