great mid term prospects and the opportunity to purchase addition units 1:1 at $1.03.
This has been a solid performer in a market not focusing on defensives at this stage. The doubling of the property portfolio size in Japan where property prices have been languishing for 15 years will result in solid returns (capital & distribution) over the next 2-3 years. Should uptrend over coming months.
Look at B&B Japanese property fund for historical reference of what can happen if management can get this right, and the Japanese recovery remains on track.
Japan property & equities have been touted by many institutions as the place to be for a year or so now, and the story is only just beginning to unfold.
Nikkei all time high of 60,000 points is a long way off, but just goes to show the level of headroom to get back to an all time high. I am not suggesting we will ever see 60,000 in real terms again, but even a doubling from here is not out of the question. The same range of movement also occurred in their property market with prices falling 60%. As sentiment picks up, Japanese may start to invest at home instead of the US. Look out for asset prices in Japan (and look out below in the US (USD to be hammered if this sets in). The Asian countries are a large portion of USD based trades. Many others are moving to EUR.
dyor
RJT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
