VanEck Vectors Australian Property ETF (ASX: MVA) $23.03

The MVA ETF is a concentrated ASX-traded ETF providing exposure to Australia’s listed property sector, spanning both A-REITs and property-related companies, including fund managers, offering slightly broader property ecosystem coverage than a pure REIT index fund. It only has 16 holdings with 5 positions above 10%. We believe it’s performed strongly over the last three years, considering interest rates have risen – we went long in mid-2023, and our position in the Core ETF Portfolio MM is showing a healthy ~22% profit.

• Last time we wrote about a property ETF, we said: “with MM believing it’s close to/or at, as bad as it gets’ for interest rate perception”, this ETF and sector should enjoy improved relative performance moving forward.”

This view could now start to pan out following yesterday’s move on bond markets, and we can see some healthy upside in the second half of 2026 – the real estate sector showed its hand on Thursday, advancing +2.2%.

• We like this ETF moving towards Christmas, believing one more hike by the RBA is the worst-case scenario – MM owns the MVA in the Core ETF Portfolio.