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Asia Pacific Urban Trends Income

Liquid, transparent and low volatility income solution.

Overview

The Martin Currie Asia Pacific Urban Trends Income strategy has been specifically designed for investors looking for a high, stable and growing income stream, with lower volatility than the broader equity market.

The strategy invests in a diversified portfolio of quality listed Real Asset securities including REITs, infrastructure and utilities, from developed and emerging Asia Pacific ex Japan countries.

Our approach is premised on the philosophy that the performance of Real Assets is driven by their unique leverage to the key demographic themes of population and urbanisation growth.

Our key thesis is that as urban population grows, so too will demand for Real Assets to service everyday needs. With a growing demand, coupled with the nondiscretionary nature of the services provided, Real Assets often have strong pricing power, proven cash flows, and the ability to grow income distributions regardless of the economic cycle. Given these attractive characteristics, real assets are generally less volatile than the wider equity market or sector-specific strategies and have a lower correlation with the returns of other asset classes.

While the global megatrend of urban population growth is enduring and is expected to hold well into the future, not all countries and cities are growing, and some are in fact going backwards. Our approach is to invest where Real Asset demand growth is underpinned by a naturally growing customer base, avoiding low growth regions like Japan where population declines become an investment headwind. As such we focus on select target countries, regions and cities in the Asia Pacific (ex Japan) region with the most attractive demographic growth.

Key Information

To provide a pre-tax yield above the composite index, and to grow this yield over time.

Portfolio characteristics Asia Pacific Urban Trends Income
Objective Income
Asset Class Listed Real Assets
Style Income
Investable Universe Asia Pacific ex Japan listed Real Asset securities
Benchmark No formal benchmark
Market capitalisation All cap
Country limit At least 50% of the portfolio must be invested outside of Australia/New Zealand.
Sector limit Absolute 60% to REITs and property related securities
Security limit Absolute 10%
Number of stocks Typically 40
Portfolio turnover Typically 25% p.a.
Forecast tracking error We do not target tracking error but total risk outcome is typically 90% of the market.
Inception  28 June 2016

  • "As urban populations grow, the demand for the essential services that listed Real Assets provide rises, and helps to grow dividends irrespective of the business cycle."

Why Invest in Asia Pacific Urban Trends Income

Heritage

High, stable and growing income stream

We have put the income needs of clients at the heart of the product design for the Martin Currie Asia Pacific Urban Trends Income strategy

Heritage

Income from Real Assets that can grow with urbanisation

As tangible every day-use building blocks of the economy, Real Assets are driven by demographic themes rather than the business or economic cycle. As urban populations grow, the demand for Real Assets increase, helping to grow dividends

Heritage

Investments that are highly exposed to key demographic themes

By focusing on high growth target cities and regions within Asia Pacific ex Japan, investments into Real Assets tap into future defining, mega trends


Investment team

Martin Currie’s suite of Real Income strategies are managed by the experienced Martin Currie Australia Real Asset team.

The strategy benefits from the close collaboration and deep industry expertise of wider Martin Currie Australia investment team and the broader Martin Currie global investment floor.

Andrew Chambers

Andrew Chambers

Job title
Portfolio Manager, Real Assets
Experience
28 years
Daniel Fitzgerald

Daniel Fitzgerald

Job title
Portfolio Manager, Real Assets
Experience
22 years
Ashton Reid

Ashton Reid

Job title
Portfolio Manager, Real Assets
Experience
31 years

Our Capabilities

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