| 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 | At the end of October, the Fund's weightings were increased in the Manufacture Housing, Retail and Data Centre sectors and decreased in the Multifamily/apartments, Student Accommodation, Health, Lodging and Industrial sectors. Geographically, the Fund remains heavily weighted towards the US (55.9% of the portfolio), followed by the UK (15.4%), Australia (10.7%), Canada (6.4%), Germany (4.4%), Spain (4.4%) and Hong Kong (4.1%). The Manager noted the recent decline in the Australian dollar has become a tailwind to the Fund's returns, after almost two years acting as a headwind. Quay believe the impact of currency on the Fund's reported total returns will have a diminished effect over time as currencies tend to be mean-reverting, and the compounding effect of stock returns overwhelm the one-off currency adjustments. |
| More Information |
