Listed real estate sector in opposite direction
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Market Update A Monthly Performance Report February
GPR 250 Index falls 2.3% in February 2023
February 2023’s market action was a reversal from January 2023’s. The GPR 250 Index declined (-2.3%) in the calendar year’s second month, in sharp contrast to the 8.1% gain realized in January 2023. Oceania (0.3%) stood out at continental level as Asia (-0.7%), Africa (-1.6%), Europe (-2.3%) and Americas (-4.3%) finished the month with negative total return performances. Mexico (Fibra Uno Administracio SA; 6.1%) ranked top spot at national level, with Finland (-12.0%) on the other end of the spectrum. The GPR 250 Index underperformed versus equities (-2.3% versus -1.5%) and versus bonds (-2.3% versus -1.6%).