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| Fund Overview | The Fund's research use detailed analysis of the underlying assets integrated with financial analysis to determine a sustainable yield and fundamental DCF valuation for the security. Also the Fund believes in having a strong risk control framework. The Fund will also use trading strategies via rebalancing of core portfolio positions as well as taking advantage of shorter duration inefficiencies in markets caused by an imbalance in demand and supply for global REIT and Infrastructure securities. The Fund focuses on generating absolute returns after fees of 12 to 15% pa over the medium to long term. The long-short nature of the Fund combined with Freehold's rigorous investment process ensures returns generated by the Fund are largely independent of rising or falling markets. Freehold is focused on providing investment opportunities primarily within core, value-add, opportunistic and development sectors of direct property and across listed and unlisted real estate and infrastructure securities. |
| Manager Comments | The Fund maintained a modest net long market exposure during the month which contributed to the negative performance in September. Positive contributors to the portfolio were APA Group, Dexus and Macquarie Atlas. Negative contributors were Mirvac, Goodman Group and APN Property Group. The Fund Manager is favorable to the two childcare related stocks Folkestone Education (FET), which was discussed in the Fund monthly performance report as the stock of the month, and also Arena REIT (ARF). Click Manager's Report to read more. |
| More Information |
