Matrix expects strong returns from Asian property

Matrix is expecting double digit returns from its Asian Property Income fund on the back of a strong recovery in the Hong Kong and Singapore markets.

The fund offers hedged exposure in sterling to the returns of ARA Strategic Capital's Asian Asset Income fund, which invests in a range of real estate investment trusts (Reits). These in turn are invested in retail, commercial, logistical and infrastructure assets in Japan (8%), Singapore (33%), Australia (14%), Hong Kong (26%) and other ASEAN countries (19%). ARA Asian Asset Income fund manager Stephen Finch says Reits are entering into a healthy cycle of inorganic growth, where the low cost of issuing new equity and debt enables Reits to make high yield property acquisitions which i...