It is definitely REITs generally. CFS Retail is sharply off in the past 5 days,so is Westfield but less dramatically. Our loss looks bigger % wise, but we don't seem to crack it a major REIT in the media anymore, still seen as a bit dodgy. Here is what the ASX says about REIT risk:
Market risk - Markets and asset classes within them are cyclical and the performance of various asset classes is not correlated over time. Market risk is the risk of investing in an asset classwhich may decline in value. For REITs this could be caused by market sentiment owing to asset devaluations etc. Gearing risk - Some REITs may borrow funds to increase potential returns, a technique that can magnify both returns and losses. Income risk - Past distributions by REITs cannot be guaranteed for the future and may vary over time.
FDC Price at posting:
$2.44 Sentiment: Buy Disclosure: Held
