FirstChoice WS Pers Super - First Sentier WS Global Property Securities
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/106497-2024-03-16-02:25.pdf |
FUND MANAGER | First Sentier Investors |
ASX Code | |
APIR | FSF0688AU |
ASSET CLASS | PROPERTY |
INVESTMENT STYLE | The option invests in a portfolio of listed property securities from around the world. |
INVESTMENT PROFILE | The option aims to outperform the FTSE EPRA/NAREIT Developed Index, hedged to Australian dollars over rolling three year periods before fees and taxes. |
CURRENCY MANAGEMENT | Hedged |
INCEPTION DATE | 31-10-2004 |
BENCHMARK | FTSE EPRA/NAREIT Developed Index, hedged to Australian dollars |
FUND SIZE | FTSE EPRA/NAREIT Developed Index, hedged to Australian dollars |
DISTRIBUTION FREQUENCY | Quarterly |
NO. OF HOLDINGS | |
FEES | 1.28% p.a. |
STRUCTURE |
Benefits
Benefits | Diversified exposure Real estate security returns are driven by a combination of local real estate fundamentals and broader capital market conditions. Due to the fundamentally localised nature of real estate, asset class returns across different regions have historically been characterised by low levels of correlation, and by a lack of uniformity. This phenomenon can lead to pricing anomalies – presenting opportunities to generate excess returns by capital allocation, and regional or stock selection. Global property opportunities are built on solid ESG foundations Confirming our portfolio net zero overlay intention has further deepened our understanding of the global property securities sector we invest in. Our continuous focus on in-depth, in-house research means we can see things differently, which has led to discoveries into new risks and opportunities. Our focus on capital preservation remains as strong as always with a preference for allocating capital to well managed assets in high barrier to entry markets in many of the world’s most bustling cities. Our portfolio can provide access to property assets such as:
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RISK LEVEL | Very High |
INVESTOR SUITABILITY |
Risks
Title | |
Detail |
Key Features
Mandate
The option invests primarily in property securities sourced from around the world. These investments may include securities that provide exposure to commercial, retail and industrial properties and, to a lesser extent, car parks, hotels, leisure properties, appropriate infrastructure projects, and other property-related investments. The option would normally be fully invested in these types of securities, with cash held only to meet expected liquidity requirements or awaiting investment. The option aims to hedge its currency exposure. Asset Allocation Global property securities Range 80–100% Benchmark 100% Cash Range 0–20% Benchmark 0% |