| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The Fund will invest in a number of global listed real estate companies, groups or funds. The investment strategy is to make investments in real estate securities at a price that will deliver a real, after inflation, total return of 5% per annum (before costs and fees), inclusive of distributions over a longer-term period. The Investment Strategy is indifferent to the constraints of any index benchmarks and is relatively concentrated in its number of investments. The Fund is expected to own between 20 and 40 securities, and from time to time up to 20% of the portfolio maybe invested in cash. The Fund is $A un-hedged. |
| Manager Comments | Safestore (UK) and Hansteen (UK) were the strongest contributors to the Fund, both assisted by a recovering GBP. Multifamily/apartments (17.7%), Storage (12.8%) and Industrial (11.8%) were the most heavily weighted sectors in the portfolio. During the month, cash holdings reduced from the prior month's 10% to around 5.2% as better entry prices or new opportunities emerged in the market for the investment. |
| More Information |
