Resolution Capital Global Property Securities Fund - Series II
About this Fund
|FUND MANAGER||Resolution Capital|
The Fund invests primarily in REITs and real estate securities that are listed, or soon to be listed, on stock exchanges around the world.
The Fund aims to achieve an annual total return that exceeds the total return of the Benchmark after fees on a rolling 3 year basis
|BENCHMARK||FTSE EPRA NAREIT Developed Index (AUD Hedged) Net TRI|
|FUND SIZE||FTSE EPRA NAREIT Developed Index (AUD Hedged) Net TRI|
|NO. OF HOLDINGS||30-60|
Benefits of Investing in the Resolution Capital Global Property Securities Fund Series II (Hedged)
Investing in the Fund offers a number of benefits, including:
An investment in the Fund may suit you if you are seeking a medium to long-term investment in global listed REITs and other real estate securities with the potential for income distributions and capital growth.
|RISK LEVEL||Medium - High|
For investors who are prepared to take more risk in exchange for potentially higher returns on their investments over the longer term. Investors are should be comfortable with volatility and with the possibility of negative returns.
About the Fund
The Resolution Capital Global Property Securities Fund - Series II [the Global Fund II'] gives investors exposure to the underlying returns of some of the world's highest quality real estate assets through a professionally managed portfolio of global real estate investment trusts (REITs') and property companies.
The key difference to the Resolution Capital Global Property Securities Fund is that this Fund has a base fee only fee structure.
Resolution Capital is a value-oriented investment manager with the objective of delivering superior risk-adjusted returns over the long-term relative to recognised industry benchmarks. This is achieved through investment in a concentrated portfolio of carefully selected listed real estate securities with an emphasis on avoiding permanent impairment of capital. Securities in which the Fund invests are diversified across a range of real estate sectors and geographic regions, focusing on investments in the developed markets of North America, the U.K, Europe and Asia Pacific.
The Global Fund II's investment objective is to exceed the total returns of the Benchmark after fees on a rolling 3 year basis. In doing so, the Global Fund II aims to provide Investors with a level of distributable income combined with the potential for long term capital growth sourced from global real estate based revenue streams. Resolution Capital intends to hedge the capital component of the Fund.
How we invest your money
The Fund primarily invests in global listed REITs and real estate securities that derive most of their returns from rental income. The Fund's investments provide exposure to a range of underlying real estate from around the world including office buildings, shopping centres, industrial warehouses, residential communities, hotels and healthcare facilities. The Fund may also have exposure to companies which undertake activities such as real estate development, real estate construction contracting and real estate funds management activities.
Resolution Capital believes that optimum risk-adjusted returns can be achieved through a concentrated portfolio of 30 to 60 stocks. In constructing the portfolio, bottom-up stock analysis is combined with the identification of broader investment and direct real estate market themes.
Resolution Capital adopts a multiple portfolio manager' approach for its global portfolio construction. This approach tests the conviction of individual portfolio managers, encourages greater involvement from the broader investment team and mitigates key person risk.
Resolution Capital intends to mitigate currency risk through hedging the capital component of the Fund's exposure to global real estate securities and may also hedge currency exposure arising from income receivable from global real estate securities at its discretion. From time to time the Fund may accept unhedged or over- hedged exposures, but hedging will not be undertaken in a currency where there is no underlying physical investment. Currency hedging may impact the level of income distributions.
*For reasons of investment efficiency, the Fund may gain its exposure by holding units in other Resolution Capital Funds.