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Overview
The Martin Currie Australia Property Securities strategy is designed for investors who seek to maximise longer-term returns.
The Martin Currie Australia Property Securities strategy invests in a high conviction portfolio of Australian and Asian property and property-related securities trading below our assessment of intrinsic Valuation, whilst considering each securities’ Quality.
Skill and discipline are needed to discern between value controversies and value opportunities. The dedicated Real Asset team has the experience and knowledge of the Australian and Asian markets, and forward-looking insights into replacement cost rents and sustainable cash flows. This means that they can look through the short-term market noise and focus on the long-term normalised earnings power of companies to drive security selection.
Key Information
To provide an after-fee return in excess of the S&P/ASX 300 AREIT Accumulation Index over rolling three-year periods.
| Portfolio characteristics | Australia Property Securities |
|---|---|
| Objective | Long-Term Growth |
| Asset Class | Listed Real Assets |
| Style | Value |
| Investable Universe | Australian and Asian listed securities |
| Benchmark | S&P/ASX 300 A-REIT Accumulation Index |
| Market capitalisation | All cap |
| Regional limit | Up to 30% in non-ASX securities from Asia ex Japan (including New Zealand) |
| Sector limit | N/A |
| Security limit |
ASX listed: Benchmark +6%, no underweight constraint Non-ASX listed: no more than 7.5% |
| Number of stocks | Typically 20 |
| Portfolio turnover | Typically 30% p.a. |
| Forecast tracking error | Typically 3% p.a. (ex ante) |
| Inception | 1 August 1988 |
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"Our dedicated local team with deep knowledge of REIT markets enables research insights to be captured and implemented quickly and consistently."
Why Invest in Australia Property Securities
Long term capital growth and income with lower risk than the equity market
We have put Australian accumulation clients at the heart of product design for the Martin Currie Australia Property Securities strategy.
Active management avoids value traps
Skill and discipline are needed to discern between value controversies and value opportunities. The dedicated Real Asset team has the experience and knowledge of the Australian and Asian markets, and forward-looking insights into replacement cost rents and sustainable cash flows. This means that they can look through the short-term market noise and focus on the long-term normalised earnings power of companies to drive security selection.
Focus on quality, liquidity and transparency
By investing only in listed securities, the portfolio’s high liquidity and transparent pricing avoids common problems faced by unlisted property funds and concentrated REIT benchmarks
Investment Strategy
The strategy aims to deliver long term capital growth and income with lower risk than the equity market through:
- High conviction portfolio – An active portfolio of our 'best ideas' ASX-listed property securities
- Capturing forward-looking proprietary insights – Martin Currie Australia's unique set of fundamental and quantitative signals
- Proven investment process - Proprietary multi-lensed investment approach provides a broad perspective of expected return and risk
- Fundamental active ownership - Purposeful engagement with companies and client advocacy through proxy voting
- Experienced stock pickers with long term track record - Deep industry experience generating ‘active insights’
Investment Strategy
The strategy aims to deliver long term capital growth and income with lower risk than the equity market through:
- High conviction portfolio – An active portfolio of our 'best ideas' ASX-listed property securities
- Capturing forward-looking proprietary insights – Martin Currie Australia's unique set of fundamental and quantitative signals
- Proven investment process - Proprietary multi-lensed investment approach provides the broadest perspective of expected return and risk
- Fundamental active ownership - Purposeful engagement with companies and client advocacy through proxy voting
- Experienced stock pickers with long term track record - Deep industry experience generating ‘active insights’
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
- Job title
- Portfolio Manager, Real Assets
- Experience
- 28 years
Daniel Fitzgerald
- Job title
- Portfolio Manager, Real Assets
- Experience
- 23 years
Ashton Reid
- Job title
- Portfolio Manager, Real Assets
- Experience
- 31 years
LEARN MORE ABOUT REAL ASSETS
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Blending the best listed Real Asset opportunities across Infrastructure, Utilities and REITs.
Learn more about Martin Currie’s suite of Real Asset strategies, that are managed by our specialised listed Real Asset team.
Our Capabilities
Available Funds
We offer access to the strategy via segregated accounts and separately managed accounts.
Through our parent company, Franklin Templeton, investors are offered access to the below fund.
Martin Currie Property Securities Fund
Contact Us
Please visit our contact page or speak to a member of our sales team, to discuss the most appropriate investment to meet your requirements and for more information on our investment capabilities.
Ross Kent
Investment Client Portfolio Manager
T: +61 (0)3 9017 8629
M: +61 (0)455 253 384
E: rkent@martincurrie.com.au
Felicity Walsh
Managing Director, Australia and New Zealand
M: +61 (0) 429 209 566
E: Felicity.Walsh@franklintempleton.com
Contact Us
Please visit our contact page or speak to a member of our sales team, to discuss the most appropriate investment to meet your requirements and for more information on our investment capabilities.
Ross Kent
Investment Client Portfolio Manager
T: +61 (0)3 9017 8629
M: +61 (0)455 253 384
E: rkent@martincurrie.com.au
Felicity Walsh
Managing Director, Australia and New Zealand
M: +61 (0) 429 209 566
E: Felicity.Walsh@franklintempleton.com
Contact Us
Please visit our contact page or speak to a member of our sales team, to discuss the most appropriate investment to meet your requirements and for more information on our investment capabilities.
Mel Bucher
Head of Global Distribution
T: +44 (0) 131 479 4748
M: +44 (0) 758 414 7720
E: mbucher@martincurrie.com
Danni Yang, CFA®
Investment Client Portfolio Manger, Global Long-Term Unconstrained
M: +44 (0) 7826548065
E: dyang@martincurrie.com
Contact Us
Please visit our contact page or speak to a member of our sales team, to discuss the most appropriate investment to meet your requirements and for more information on our investment capabilities.
Mel Bucher
Head of Global Distribution
T: +44 (0) 131 479 4748
M: +44 (0) 758 414 7720
E: mbucher@martincurrie.com
Contact Us
Please visit our contact page or speak to a member of our sales team, to discuss the most appropriate investment to meet your requirements and for more information on our investment capabilities.
Mel Bucher
Head of Global Distribution
T: +44 (0) 131 479 4748
M: +44 (0) 758 414 7720
E: mbucher@martincurrie.com
Mark Elliott
Head of UK Business Development
M: +44 (0) 207 0738 569
E: melliott@martincurrie.com
Tim Baker, CFA®
Associate Client Portfolio Manager
M: +44 (0) 7795238754
E: tbaker@martincurrie.com
Contact Us
Please visit our contact page or speak to a member of our sales team, to discuss the most appropriate investment to meet your requirements and for more information on our investment capabilities.
Mark Cho, CFA®
Head of Americas Distribution
Intermediary Sales/Wealth Management
T: +1 212 632 3292
E: mcho@martincurrie.com
Breanna Ellsworth, CFA®
Client Portfolio Manager, Distribution - US
T: +1 212 632 3293
E: bellsworth@martincurrie.com
Drew Comatos
Client Portfolio Manager, North America
Intermediary Sales/Wealth Management
T: +1 203 703 6472
E: dcomatos@martincurrie.com
Related Insights
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Martin Currie Australia strengthens team
Martin Currie Australia has bolstered its distribution team with the appointment of a new Client Portfolio Manager.
- Date published
- 29 Nov 2022
- Tag
- Cross-Strategy Australia
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Martin Currie wins ‘Lonsec Sustainable Fund of the Year Award’
Leading investment research house Lonsec has named the Martin Currie Ethical Income Fund as the 2022 Sustainable Fund of the Year
- Date published
- 8 Nov 2022
- Tag
- Cross-Strategy Australia
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Martin Currie crowned Australia’s Best Specialist ESG Fund for 2022
Martin Currie Australia is proud to be announced winner of Australia’s “Best Specialist ESG Fund” at the Hedge Funds Rock + Australian Alternative Investment Awards for the Sustainable Equity Fund distributed through Franklin Templeton Australia.
- Date published
- 5 Oct 2022
- Tag
- Cross-Strategy Australia
Important information
This information is issued and approved by Martin Currie Investment Management Limited (‘MCIM’), authorised and regulated by the Financial Conduct Authority. It does not constitute investment advice. Market and currency movements may cause the capital value of shares, and the income from them, to fall as well as rise and you may get back less than you invested.
The information contained in this document has been compiled with considerable care to ensure its accuracy. However, no representation or warranty, express or implied, is made to its accuracy or completeness. Martin Currie has procured any research or analysis contained in this document for its own use. It is provided to you only incidentally and any opinions expressed are subject to change without notice.
The document does not form the basis of, nor should it be relied upon in connection with, any subsequent contract or agreement. It does not constitute, and may not be used for the purpose of, an offer or invitation to subscribe for or otherwise acquire shares in any of the products mentioned.
Past performance is not a guide to future returns.
The distribution of specific products is restricted in certain jurisdictions, investors should be aware of these restrictions before requesting further specific information.
The views expressed are opinions of the portfolio managers as of the date of this document and are subject to change based on market and other conditions and may differ from other portfolio managers or of the firm as a whole. These opinions are not intended to be a forecast of future events, research, a guarantee of future results or investment advice.
Risk warnings – Investors should also be aware of the following risk factors which may be applicable to the strategy shown in this document.
- Investing in foreign markets introduces a risk where adverse movements in currency exchange rates could result in a decrease in the value of your investment.
- Emerging markets or less developed countries may face more political, economic or structural challenges than developed countries. Accordingly, investment in emerging markets is generally characterised by higher levels of risk than investment in fully developed markets.
- This strategy may hold a limited number of investments. If one of these investments falls in value this can have a greater impact on the strategy’s value than if it held a larger number of investments.
- Smaller companies may be riskier and their shares may be less liquid than larger companies, meaning that their share price may be more volatile.
- The strategy may invest in derivatives (index futures) to obtain, increase or reduce exposure to underlying assets. The use of derivatives may restrict potential gains and may result in greater fluctuations of returns for the portfolio. Certain types of derivatives may become difficult to purchase or sell in such market conditions.