The Aurora Property Buy-Write Income Trust lost -1.1% in April, missing out on gains made on the S&P ASX 200 Property Accumulation Index which gained +6.07%.
The majority of gains on the index (+4.6%) were made in the first three days of April, while the Fund only began to reinvest in the market at the start of the month and was fully invested only at 24th April. The index outperformed to ASX 300 in April for the first time in six months. Westfield in particular performed strongly, accounting for 3.65% of the overall 6.07% of the index result. The Fund did hold a position in Westfield, however at a different weighting to that of the index, and return was partially offset by a call option sold over the holding.
The Aurora Sandringham Dividend Income Trust was also in the red in April, down -1.88%, while the Aurora Infrastructure Buy-Write Income Trust gained +1.8%.
