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| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
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| 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 | The largest contributors were Safestore (US Storage), Hysan (HK Diversified) and Unite (UK Student Accommodation). Detractors were Scentre (Aust Malls), LEG Immobilien (German Apartments) and Ventas (US Healthcare). During April many of the Fund's US investees reported their 1Q19 results. Quay noted the results are pleasing for all of their investees and represent a continuing trend of robust operating fundamentals against the backdrop of a healthy US economy. |
| More Information |
