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Australia Real Income

Liquid, transparent and low volatility income solution.

Overview

The Martin Currie Australia Real 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 Australia and other developed market 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 Australia and other global developed markets with the most attractive demographic growth.

Key Information

The strategy aims to provide a pre-tax yield above the S&P/ASX 200 Index and provide income stream growth above inflation.

Portfolio characteristics Australia Real Income
Objective Income
Asset Class Listed Real Assets
Style Income
Investable Universe Australian and global developed market listed Real Asset securities
Benchmark No formal benchmark
Market capitalisation All cap
Regional limit Up to 20% in non-ASX securities from global developed markets
Sector limit None
Security limit Absolute 9%
Number of stocks Typically 35
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  17 November 2010

  • "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 Australia Real 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 Australia Real 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 Australia + global, 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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