| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| 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 | The three best contributors for the month in order were Brixmor (US Retail), Unite Group (UK Student Housing) and Coresite (US Data Centres). The largest detractors were Leg Immobilon (German Apartments), Scentre (Aust Retail) and Shurgard (Euro Storage). The investment team noted that during the month they met with investees, their competitors and potential investment opporunities from the US, UK, Europe and Hong Kong. There were no new additions or deletions from the Fund during the month. |
| More Information |
