Funds Focus

Where to next?
Short term predictions can be a bit of lottery at the moment but with the ASX 200 sitting at 40% the level it was a year ago, you can be rest assured that whatever level you buy in at, you’re getting it at a much lower cost than 12 months ago.

Choosing when to invest, or ‘timing’ the market, is impossible to predict yet its one of the most important factors in determining the return on your investment. Missing out on even a day or two, can significantly impact your long-

The last few months have certainly been tough for investors. What started as uncertainty in the markets turned bloodshed when the near collapse of a couple of major investment banks and AIG who underwrite many of the financial derivatives brought about the realisation of just how intertwined global credit, financial institutions and investment markets really are.

As a result, what started as uncertainty surrounding financial institutions became uncertainty around the economy as a whole.

What was one of the top performing funds in the 4 years to June 2007, boasting a return of 27.8%pa, the MPIF has fallen more than most.
We question Leo Economides as to the reasons behind the fund’s recent poor performance and whether recent falls in this sector represent an opportunity for investors in this sector.

What is your overall aim for the fund and how does your fund differentiate itself?
The fund is the only domestic geared property securities fund in the market and as such