Asia Pacific and global property stocks rocketed forward in March, as the markets responded favourably to an accommodative US Federal Reserve stance that supported views global interest rates will remain low for the foreseeable future. With still-daunting macro concerns such as low oil prices, a potential Brexit, and China’s economic weakness, property stocks also continued to serve as a safe-haven play. This is especially prevalent given the more insulated nature of property company earnings (particularly REITs) and the resultant current yield stability. The net of these various factors was an 8.5 percent return for Asia Pacific property companies during the month. Although excellent, this lagged the broader global property market, which returned 11.3 percent. Based on this strong performance, the Asia Pacific region is now in the black for the year, up 1.0 percent as compared with gobal property stocks at 5.1 percent. Much of this performance has been driven by REITs, with globa