How to play bond yields & real-estate stocks?
Dear James If I am correct, Market Matters’ current view is that bond yields will rise a little further with the consequences being stock groups sensitive to such movements, for example, “growth" and Real Estate, will come under pressure, hopefully creating buying opportunities. Regarding Real Estate stocks specifically, Market Matters currently holds GMG in the Flagship Growth portfolio and SGP and CNI in the Active Income portfolio and you have recently covered GPT and DXS. Each has reported earnings this month, which importantly has supplied the market more up to date information. They’ve all come off a bit price-wise and one would expect, I think, they’ll come under further pressure short term, so if this scenario plays out and if Market Matters currently held none, which will the best picks in your opinion? Thanks Nick
