Australia Property Securities

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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

"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

Heritage

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.

Heritage

Active management avoids value traps

Heritage

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 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.