Resolution Capital Limited is pleased to announce that as of 30 June 2016, the Resolution Capital Global Property Securities Fund (‘the Fund’) has been upgraded to the ‘Gold’ Morningstar Analyst Rating™.
The Fund’s strategy is to offer liquid exposure to high quality global real estate. This is achieved by owning securities in some of the world’s leading listed real estate investments typically in the form of Real Estate Investment Trusts (REITs). The securities in the Fund own and manage property weighted toward the most desirable locations around the world, including New York, San Francisco, London, Hong Kong, Tokyo, Berlin, Paris, Sydney and Melbourne.
According to the 30 June 2016 Morningstar report, “Very few can match the experience of the four-man portfolio management team behind Resolution Capital Global Property Securities. That makes this high-conviction strategy one of our very favourite ways to access global real estate. We rarely hear better insights than those offered by Resolution Capital’s senior investment team.”
Managing Director and Global Portfolio Manager, Andrew Parsons, said: “Resolution Capital is delighted to have the qualities of the Fund recognised by Morningstar. Resolution Capital has a bias to companies which are more conservatively financially levered and management teams with high standards of corporate governance. Combined with the underlying quality real estate, these traits have been the hallmarks of our long term outstanding investment returns.”
The Resolution Capital Global Property Securities Fund has produced a net return of 12.2% p.a. since inception (30/09/08), as at 31 July 2016, outperforming the Benchmark* (9.0% p.a.).
*From 1 April 2015, the benchmark changed from UBS Global Real Estate Investor Index (AUD Hedged Net TR) to FTSE EPRA/NAREIT Developed Index ( AUD Hedged) Net TRI.
