"When you say "market-beating", the relevant market index is a property index."
I believe that our mutual correspondent might have an investment mandate that is not confined to just property stocks, but to equities in general.
As such the relevant market index is not a property index but a general market index, eg. the ASX200 or the All Ordinaries
"I think that it's inappropriate to comment on the asset allocation of other investors without knowing their personal circumstances. Stock selection yes, asset allocation no."
Says who?
Someone states they have certain sectoral exposure and that is not to be discussed or debated?
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