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FirstChoice WS Pers Super - First Sentier WS Global Property Securities

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/106497-2024-06-15-02:35.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:

  • Central business district and suburban office buildings
  • Super-regional / regional / sub-regional and convenience shopping centres
  • Logistical warehousing
  • Hotels
  • Healthcare
  • Self-storage
  • Data centres
  • Retirement assets
  • Residential investment and development

 

RISK LEVEL Very High
INVESTOR SUITABILITY

Risks

Title
Detail

Key Features

Global reach and experience

Our specialist property investors average two decades of experience. Our local property investment experts capture local and global perspectives from some of the world’s most dynamic markets.

Investing in quality assets with an ESG bias

The initial screen plays a vital role in defining a high quality and lower risk universe to construct portfolios designed perform through-the-cycle.

Balance sheet strength

Our preference for strong balance sheets means our global portfolios have conservative levels of gearing, which plays an important role in how we manage risk and generate returns.

 

 

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%