Our view on Dexus

In today’s report, Super Stock Selectors – Origin, Magellan Financial and Telstra, I note that Paul is quoted that he does not like Dexus (and Property Trusts), however, it is in the model Income Portfolio. I was of the belief that there should be some diversification in this field.

A: Sorry I didn’t express this well. What I was trying to say is that I think the property trust sector is now fully priced – and on a relative basis, feel that this is one of the least attractive sectors to invest in.

Don’t disagree with your point about diversification – and that is why I am keeping it in the portfolio – but on an underweight basis.


Read Answer