EII Global Property Fund
The EII Global Property Fund (the Fund) provides access to a portfolio of property securities managed by the highly regarded European Investors Inc ('EII'). EII is a specialist property manager with US$7.0 billion1 in property assets under management. Around US$5.5 billion of this is in global property securities and US $1 billion in US direct real estate. EII has over 20 years of investment management experience across a variety of asset classes and has been managing property investments since 1987.
Fund materials
Process
The Fund's investment objectives are to seek long-term capital appreciation, measured in Australian Dollars, and the potential for income through an exposure to securities of companies and trusts in the real estate industry around the world (excluding Australia).
EII's investment approach for the Fund is based on the premise that investment in equity securities issued by a global, listed real estate companies and trusts in an efficient and cost-effective way to obtain broad, indirect exposure to the real estate asset class.
Furthermore, as an asset class, real estate may offer several advantages such as historically low volatility relative to the broader equity markets and a low correlation with other asset classes.
Benefits
The Fund provides the potential for the following key benefits:
- gain in the value of units;
- income distributions; and
- a low correlation with a portfolio of Australian LPTs and other asset classes.
Key features
Fund name |
EII Global Property Fund |
APIR code |
MAQ0463AU |
Responsible Entity |
Macquarie Investment Management Limited |
Investment manager |
European Investors Inc. |
Investment objective |
To pay quarterly distributions and seek long-term capital appreciation, measured in Australian Dollars, through an exposure to securities of companies and trusts in the real estate industry around the world (excluding those listed in Australia). |
Investment approach |
The Manager makes asset allocation decisions based on both:
Factors specific to each individual security (known as 'bottom-up security selection')
Economic, geographic, real estate fundamental/sector factors known as 'top-down asset allocation')
Although both facets of the Manager's approach are important, it is the 'bottom-up' stock selection process that drives the investment strategy.
|
Asset allocation |
Global property securities: 90% - 100%
Cash: 0% - 10% |
Inception date |
29 March 2006 |
Benchmark |
EPRA/NAREIT Global ex Australia Index AUD hedged |
No. stocks |
Generally 25 - 50 |
Management costs |
1.18% p.a. (inclusive of the net effective of GST |
Buy/sell spread |
0.45%/0.45% |
Entry fee |
Nil |
Exit fee |
Nil |
Suggested minimum investment timeframe |
At least 5-7 years |
Minimum investment |
Indirect investors: refer to the operator of your service
Direct investors: minimum initial investment $50,000
|
Distributions |
Paid quarterly as at 31 March, 30 June, 30 September and 31 December |
|
Resources
Below is a list of downloadable resources. Please click to view.
|
1As at 31 October 2007
EII Global Property Fund ARSN 117 792 113 (“the Fund”) is offered by Macquarie Investment Management Limited ABN 66 002 867 003 (“MIML”). In deciding whether to acquire or continue to hold an investment, you should consider the Product Disclosure Statement dated 6 October 2006 (“PDS”) which is available from us. To acquire the product, you must complete the application form which accompanies the PDS.
This general advice has been prepared by MIML and does not take into account your objectives, financial situation or needs. Before acting on this general advice you should consider whether it is appropriate to your situation. We recommend you obtain financial, legal and taxation advice before making any financial investment decision.
Investments in the Fund are not deposits with or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”) or of any Macquarie Group company and are subject to investment risk, including possible delays in repayment and loss of income or principal invested. None of Macquarie Bank, MIML nor any other member company of the Macquarie Group guarantees any particular rate of return or the performance of the Fund, nor do they guarantee the repayment of capital from the Fund.
Macquarie Bank, MIML or its associates, officers or employees may have interests in the financial products referred to in this advice by acting in various roles including as investment banker, underwriter or dealer, holder of principal positions, broker, lender or adviser. Macquarie Bank, MIML or its associates may receive fees, brokerage or commissions for acting in those capacities. In addition, Macquarie Bank, MIML or its associates, officers or employees may buy or sell the financial products as principal or agent and as such may effect transactions which are not consistent with any recommendations in this advice.
Important information | Privacy policy
© 1996 - 2008 Macquarie Group Limited
|
