atans1

SGX-listed Oz Property Fund

In Property on 22/11/2009 at 1:43 pm
MacarthurCook Property Securities Fund is listed on the ASX and SGX.
81% of its assets are in Australia (with 45% in Victoria and NSW), with 29% of these assets in retail assets and 38% office assets. As at June 30, its published NTA was 39 Australian cents, or 50 Singpore cents. The share price was 13.5 Singapore cents on friday.
A steal at 13.5cents? Well on ASX it was trading at 9.5 Australian cents or 12 Singapore cents. The Singapore price is a 12.5% premium to the Oz price.
Do the Oz investors know something abt the state of the Oz assets, that Singaporean investors don’t? Or is it sheer illiquidity in both markets?

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