SG Hiscock Wholesale Property Securities Fund
An actively managed portfolio providing diversified exposure to Australian and international property and infrastructure assets through predominantly investing in Australian real estate investment trusts (AREITs) and has the flexibility to selectively allocate up to 20% of the portfolio in global real estate investment trusts (GREITs).
At a Glance
SG Hiscock’s investment approach is based on a disciplined valuation methodology with regard for the fundamental outlook. We use quantitative value inputs (ranked in our proprietary value model) combined with judgemental analysis of fundamental factors and market sentiment. In essence, this means the portfolios will generally show value characteristics but because of the fundamental overlays, these will rarely be extreme.
Key beliefs that underpin our investment approach include:
- Prices move towards fair value over time
- A ‘property-like view’ is essential for correct valuation
- A low turnover approach is consistent with direct property
- A bottom up approach captures valuation inefficiencies
- On the ground research is critical in gaining true insights
- REITs with superior fundamentals tend to outperform
This fund’s investment universe is primarily securities listed, or due to be listed, in Australia (but may include securities listed overseas). These may include, REITs; companies engaged in property investment, management, development or construction that aim to produce capital gains and/or income for investors; and securities which invest in infrastructure assets.
The final portfolio will be made up of between 15 and 60 stocks depending on the relative valuation of the major securities. Portfolio construction guidelines include limits to the fund’s exposure to any one company or security.
The fund has maximum allocations to:
- Cash of 20%,
- Infrastructure assets of 5%
- Global securities of 20%
Performance as at 28 February 2017. Powered by data from Financial Express. For funds with less than 5 yrs performance history, refer to fact sheet for since inception returns.
Funds Distribution team
The retail distribution and marketing for our funds was transitioned in-house in February 2016. As a result of this we welcomed an experienced team from Equity Trustees, bringing with them expertise in dealing with Financial Advisers, platforms and researchers. Our team of industry professionals have extensive knowledge and resources to support you and your clients with tailored investment solutions. Contact them today to discuss our funds in more detail.