| 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 | Quay noted that, like many managers, they are trying to grapple with the implications of the virus on the investees of the portfolio and remain alert to any new opportunities that may emerge from general market volatility. They fear the worst is yet to come, particularly so for the US given that many US citizens remain uninsured or underinsured, anywhere between 58-70% of the US population has less than $1,000 in emergency savings, and nearly one in three private sector workers and 7 in 10 low-wage workers do not receive paid sick leave. In the face of these risks, the portfolio is generally weighted to less economically sensitive sectors (housing, storage, data storage, etc.), with low weights to more economically sensitive sectors (retail, office, industrial and tourism). Based on historic data, Quay expect the portfolio (along with a 12% cash weighting) to perform well in the event of a meaningful economic downturn. |
| More Information |
