Alpha Fund Managers has awarded a mandate to global listed real estate manager Quay Global Investors, a boutique fund manager partner of Bennelong Funds Management.
The Quay Global Real Estate Fund invests in a number of global listed real estate securities, selecting the best opportunities from around the world, including Australia. It aims to generate a real total return of at least five percent above CPI per annum over five or more years.
Julien Brodie, portfolio manager at Alpha Fund Managers said, “The active nature of the strategy, as well as the focus on risk management and wealth preservation, are particularly attractive for the Alpha Property Securities Fund.
“Our approach is to research and select the best investment managers from around the world, combine them in our diversified portfolios, and actively manage them so that investors don’t have to.
“Our investment philosophy is based on the premise that there are particular investment managers that have the ability to consistently generate ‘alpha’ over the medium to long-term and through all financial market cycles, irrespective of any style bias.
“Quay’s proven ability to successfully and consistently add value over the long term fits well with this philosophy.”
Justin Blaess, portfolio manager and co-founder of Quay, said the mandate award was testament to the strength and calibre of the team and the outperformance of the fund.
“Our strategy has just passed its third birthday, and over three years we have delivered a return of 14.8 percent per annum (net) compared to 9.6 percent for the index1, ahead of our benchmark of CPI +5% per annum.
“We continue to see good opportunities for investors. Global real estate fundamentals are still generally attractive owing to expanding economies and a general lack of construction post-GFC, limiting supply in certain markets.
“With sectors such as healthcare, manufactured housing, student housing and data storage benefiting from structural growth, we believe global listed real estate offers a number of benefits for investors looking for both capital growth and yield,” Mr Blaess said.
The fund was recently upgraded to ‘recommended’ by Lonsec and was awarded a ‘superior’ rating by SQM earlier this year.
1: As at 31 July 2017. The Quay Global Real Estate Fund was launched 31/1/2016. Performance information before this date relates to the strategy which was launched by the team 30/7/2014
The Lonsec Rating June 2017 presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Quay product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to Lonsec’s website at: http://www.lonsecresearch.com.au/research-solutions/our-ratings
The rating contained in this document (January 2017) is issued by SQM Research Pty Ltd ABN 93 122 592 036. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.