Folkestone Maxim Asset Management is pleased to announce that the Folkestone Maxim A-REIT Securities Fund has been awarded a ‘Superior’ 4 out of 5 star rating from SQM Research which is an upgrade from 3.75 stars.
SQM Research’s rationale for the upgrade was:
“The ratings upgrade has been driven by the skills and experience of the core investment team which is led by Mr Winston Sammut. Moreover, the addition of Ms Pham is viewed favourably.
As a result in the change of ownership of the Investment Manager, the investment team members are also able to capitalise on the resources across the broader Folkestone Group. Furthermore, the Fund’s performance over the recent periods has been strong, with the Fund outperforming its benchmark and the broader peer group over the year to 30th June 2014 as well as on an since inception basis.”
Mr Winston Sammut, Managing Director of Maxim Asset Management said “we are delighted to have received an upgrade in rating from SQM Research to 4 Stars. We are a benchmark unaware, high conviction manager of A-REIT securities and it is great that SQM Research have recognised that active management in the A-REIT securities sector can add value.”
Mr Sammut said “SQM Research has recognised the benefit of the acquisition of Maxim Asset Management by Folkestone in April 2014. Folkestone is an ASX listed real estate funds manager and developer and is active across the office, retail, residential and real estate social infrastructure sectors – childcare, healthcare and government assets. We can tap into Folkestone’s extensive knowledge of the real estate market which is critical in our top-down analysis of the A-REIT sector.”
In the year ended 30 September 2014, the Folkestone Maxim A-REIT Securities Fund returned +14.28 per cent (on an After Fee but Before Tax basis) outperforming the S&P/ASX300 A-REIT Index return of +12.28 per cent by 200 basis points.
