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| Strategy | |
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| 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 | Quay noted the Fund's Hong Kong names have been buffeted by poor sentiment as a result of ratcheting trade wars and increasing protests in HK. They also added a new investee to the portfolio, American Homes for Rent (AMH), which is in the US single family sector. AMH owns a portfolio of 53,000 houses across the US that it rents to people seeking rental accommodation. |
| More Information |
