The portfolio of real estate funds of Mirae Asset received a new asset in April. O TRX Real Estate (TRXF11) entered the portfolio to replace the RBR Alpha Fund of Funds (RBRF11).
The other four assets that complete the composition were kept for another month. Are they: BTG Pactual Fund of Funds (BCFF11), CSHG Logistics (HGLG11), BTG Pactual Logística (BTLG11) e CSHG Real Estate Receivables (HGCR11).
Mirae continues not recommending the corporate slabs sector because it expects an increase in vacancy even in the short term, since the companies are still under the home office regime. With the segment of logistics warehouses, funds of funds and receivables, the asset manager remains optimistic.
In relation to shopping centers, Mirae expects to see a recovery under the expectation that they will resume operations later this month.
The manager believes that the dividend yield of real estate funds will remain higher, despite the change in the scenario caused by the worsening of Covid-19 in the country.
“We are not pessimistic about the real estate fund product, since we believe that the return of the economy was already occurring and should be greater, especially in the second half of 2021, with the impact of the greater vaccination on the population,” said analyst Pedro Galdi.
The portfolio fell by 1% in March, against the 1.4% devaluation of the Real Estate Funds Index (Ifix).
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