The Global Listed Real Estate strategy seeks to offer exposure to global mega trends, greater diversification, and a potential hedge against inflation through real estate securities.
Daily liquidity
Driven by the same economic fundamentals as the unlisted real estate market, but generally accessible on a daily basis
Exposure to global mega trends
Benefiting from global demographic and secular trends, such as aging populations, ecommerce, and digitalization
Inflation hedge
Earnings and dividends underwritten by contractual leases can help protect against inflation and provide reliable income
An integrated and disciplined approach is essential in real estate investing, combining rigorous security analysis with local expertise to understand evolving market conditions and regional dynamics.
Securities backed by sustainable business models are key to driving long-term performance, while a short-term, flexible approach to valuation enables the team to capitalize on mispricing.
Comprehensive risk assessment is critical across a range of variables, requiring careful evaluation at each point in the process.
Valuation-based stock selection is at the heart of the team’s investment process, complemented by secondary top-down considerations.
Bottom-up (stock by stock), fundamental research is central in producing the measures used to identify and rank securities suitable for investment.
Peer review and debate are embedded in the process, with analysts with primary coverage of a company complemented by team members with secondary coverage.
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Risk Disclosures
Investing involves risk, including the possible loss of principal.
Investing in the real estate industry includes risks such as declines in real estate value, lack of availability of mortgage funds, overbuilding, extended vacancies, increases in property taxes, changes in zoning laws, costs from clean-up of environmental problems, uninsured damages, variations in rents, and changes in interest rates. The value of an investment in a real estate investment trust (REIT) may be adversely affected by various factors, including interest rate changes, changes in property values, changes in dividend payments, loss of the REIT's ability to qualify for pass-through tax treatment under federal tax laws, or the REIT's failure to maintain its exemption from registration as an investment company.
International investing (particularly in emerging markets) may be adversely affected by political instability; changes in currency exchange rates; inefficient markets and higher transaction costs; foreign economic conditions; the imposition of economic or trade sanctions; or inadequate or different regulatory and accounting standards. Investing in emerging markets involves greater risk than investing in more developed foreign markets because, among other things, emerging markets may have less stable political and economic environments, information about issuers may be less available or of a lesser quality, and securities markets may be smaller, less liquid, and subject to greater price volatility.
Investments in derivatives may involve additional expenses and are subject to significant loss if they perform differently than anticipated. Derivatives are also subject to the risk that the counterparty may fail to perform its obligations.
Forward foreign currency contracts may substantially change a fund’s exposure to currency exchange rates and could result in losses to a fund if currencies do not perform as expected.
Companies in the infrastructure industry may be subject to a variety of factors that could adversely affect their business or operations, including high interest costs in connection with capital construction programs, high degrees of leverage, costs associated with governmental, environmental and other regulations, the level of government spending on infrastructure projects, and other factors.
Nothing presented should be construed as a recommendation to purchase or sell any security or follow any investment technique or strategy.
All third-party marks cited are the property of their respective owners.
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Investing involves risk including the possible loss of principal. The investment capabilities described in this website involve risks due, among other things, to the nature of the underlying investments. All examples herein are for illustrative purposes only and there can be no assurance that any particular investment objective will be realized or any investment strategy seeking to achieve such objective will be successful. Past performance is not a reliable indication of future performance.
Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice.
Investments related to real assets will be affected by\nfactors particular to the real assets industry and related\nindustries or sectors (such as government regulation), and\nthe value of a fund or strategy may fluctuate more widely\nthan that of a fund or strategy that invests in a broad range\nof industries.