Pref shares are back, baby!
It’s an asset class that’s often ignored. But with property stocks under pressure, preference shares are back in vogue
It’s no secret that listed property has comfortably outperformed general equities, cash and bonds over the past 10 years, delivering an impressive average 14%/year total return.
At the same time, the SA listed property index increased significantly in size: from 20odd counters with a combined market cap of