Just wondering if anyone else on hotcopper has a stake in this fund. I normally steer clear of managed funds but this one was of particular interest and I could not resist.
If the USD/AUD exchange rate reverts to somewhere near average for past 25 years (i.e. 80c) then URF should reflect a 20% gain. If US house prices recover then this return may be magnified.
The investment in prime NY properties seems prudent and I was tempted to dabble in this market personally...this fund means that I can enter with a lower stake and not worry about title risks and red tape.
I hope Dixon's stick at this strategy and buy up while AUD is strong...great yield and capital growth potential. There are also other cities that may also be on the radar. Dixons are based in NY but opportunities are endless at the moment. The US economy is bouncing and the population growth will allow for further growth.
note: Liquidity in URF is poor so medium term hold would make sense.
Anyone else on this?
URF Price at posting:
$1.71 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)