The Cromwell Phoenix Core Listed Property Fund (“the Fund”) continues to build a strong following and has now been listed on the leading BT Wrap investment platform.
Cromwell Funds Management Director Michael Blake said the listing on BT Wrap was further evidence of increasing demand from investors for the product.
“The Fund is proving extremely popular with investors, and is now the only way for investors to get access to Phoenix’s highly successful, award-winning listed property securities investment team.”
The Fund’s benchmark is the S&P/ASX 200 A-REIT Accumulation Index (“the Benchmark”). The Fund’s mandate provides Phoenix Portfolios with the opportunity to out-perform the Benchmark with a tight universe of listed property and property related securities.
The Fund’s investment objectives over rolling three year periods are to provide investors with:
– A total return (after fees) in excess of the Benchmark
– Lower volatility of total returns than the Benchmark
– Quarterly distributions that will grow over time
– The opportunity for capital growth over time
The Fund primarily has a focus on large and medium cap A-REITs. To broaden the universe of investment opportunities, the Fund may also invest in a selected range of other assets, including listed property related securities such as infrastructure, property developers, property fund managers, international listed property securities, cash and fixed interest.
The BT Wrap platform provides investors, via their financial adviser, with access to ASX-listed securities, and more than 550 managed funds and term deposits. The platform provides easy administration and consolidated reporting for individual investors, trusts, companies and SMSFs.
The Fund has also been recently added to the Macquarie Wrap platform.
Source: Cromwell Property Group
