ETFs could threaten A-REIT share prices

Original article by Su-Lin Tan
The Australian Financial Review – Page: 31 : 26-Jun-17

Australian-listed real estate investment trusts have become increasing popular with exchange-traded funds in recent years, according to Angelo Scasserra of Credit Suisse. Scentre, Stockland, Goodman and Mirvac are among the A-REITs to have attracted funds from ETFs, which Scasserra says are a very passive category of investors. He also says ETFs are very "reactionary", leading to potential share price volatility within the A-REIT sector.

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, SCENTRE GROUP – ASX SCG, STOCKLAND – ASX SGP, GOODMAN GROUP – ASX GMG, MIRVAC GROUP – ASX MGR, VICINITY CENTRES – ASX VCX, DEXUS PROPERTY GROUP – ASX DXS, GPT GROUP – ASX GPT, VANGUARD AUSTRALIAN PROPERTY SECURITIES INDEX ETF – ASX VEU, BLACKSTONE REAL ESTATE ADVISORS LLC, ISHARES INCORPORATED, BETASHARES CAPITAL LIMITED, STATE STREET BANK AND TRUST COMPANY, INVESCO, JP MORGAN AUSTRALIA LIMITED, LYXOR ASSET MANAGEMENT, RUSSELL INVESTMENT GROUP, CUSHMAN AND WAKEFIELD INCORPORATED

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