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Martin Currie Property Securities Fund - Class A

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/100701-2023-05-27-02:30.pdf
FUND MANAGER Martin Currie Australia
ASX Code
APIR SSB0128AU
ASSET CLASS PROPERTY
INVESTMENT STYLE The Fund invests in a diversified portfolio of listed Australian property or related securities trading below intrinsic values.
INVESTMENT PROFILE The Fund aims to earn an after-fee return in excess of the Benchmark over rolling three-year periods.
CURRENCY MANAGEMENT Unhedged
INCEPTION DATE 30-09-1998
BENCHMARK S&P/ASX 300 Property Trust Accumulation Index
FUND SIZE S&P/ASX 300 Property Trust Accumulation Index
DISTRIBUTION FREQUENCY Quarterly
NO. OF HOLDINGS 15-35
FEES 0.79% p.a. of the NAV of the Fund
STRUCTURE

Benefits

Benefits

Benefits of investing in the Martin Currie Property Securities Fund - Class A

The Fund offers a number of significant benefits:

  • exposure to Australian and Asian listed property trusts and property related listed equities that the investment manager believes are undervalued and offer the opportunity for higher returns;
  • professional management of your investment with an experienced investment manager;
  • diversification benefits that would be difficult to achieve through direct investment;
  • disciplined portfolio construction; and
  • web-based reporting that includes performance, market commentary and portfolio strategy.

Risk level

Medium

Investor suitability

The Fund should be suitable mainly for investors seeking an investment in Australian shares with long-term financial goals.
RISK LEVEL
INVESTOR SUITABILITY

Risks

Title
Detail

Key Features

About the Fund

The Fund seeks to maximise expected returns for longer-term investors by investing in a diversified portfolio of property securities and property-related securities which are trading below our assessment of intrinsic value, whilst considering each securities' quality.

The investment manager's approach is premised on the philosophy that the Australian and Asian equity market is efficient over the long term, with prices ultimately reflecting the present value of future cash flows.

However, in the short term, the market's behavioural biases can create temporary mispricing and divergence from fair value that can be exploited by a disciplined investment process.

The investment manager relies on complementary fundamental and quantitative research, and collective insights into the current investment landscape, to identify the most attractive opportunities.

Mandate

How we invest your money

The Fund aims to hold investments so that at the time of purchasing securities:

  • exposure to individual ASX-listed securities is no more than 6% above the Benchmark weight;
  • exposure to non-ASX listed securities is no more than 7.5%
  • approximately 15 to 35 securities are held; and
  • a diversified exposure to property security sub sectors (as determined by Martin Currie Australia, such as diversified property, retail property, commercial property, infrastructure) is obtained.

The Fund may invest up to 30% in non-ASX listed property related securities from Asian countries including New Zealand and excluding Japan.

While the maximum holding of cash or cash equivalents is 10%, the Fund is intended to be fully invested in securities at all times with cash being held for liquidity purposes only.

The Fund will not invest in securities issued by companies involved in:

  1. the production or distribution of cluster munitions
  2. the manufacture of tobacco products.

The Fund may also use certain derivatives to implement investment decisions, to manage cash flows or to facilitate timely exposure to Australian listed securities.

The Fund does not intend to borrow.