Join our investing community

Property Trust Index XPJ and SLF

Discussion in 'Shares' started by MrDarcy, 25th May, 2006.

  1. MrDarcy

    MrDarcy Well-Known Member

    Joined:
    13th Sep, 2005
    Posts:
    283
    Location:
    Sydney
    I've been watching SLF (Streettracks Property) for a few months and noticed for the last 2 weeks or so it, and the index, have been dropping. Can anyone explain what is causing LPTs to fall ?
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    It's not "guilt by association" is it ? ie ... the markets are falling sharply, thus all listed shares (regardless of industry) are vulnerable to selling.

    Selling because the market is falling, not selling because of a fundamental change in value.

    I don't actually know - was just a thought.
     
  3. MrDarcy

    MrDarcy Well-Known Member

    Joined:
    13th Sep, 2005
    Posts:
    283
    Location:
    Sydney
    Makes sense except price was dropping before this mini-correction, and I had heard that LPT's can move contary to the equity market. :confused:

    Anyhow, the price is looking better each day for purchase, just wonder how far it may go down.