In the current low growth environment, global listed real estate is uniquely placed to offer investors a good source of income and protection against inflation. In addition, the liquidity of the asset class (which refers to the ease with which investments can be bought and sold in the market place) enables investment managers to respond quickly to market conditions, thereby taking advantage of the best investment opportunities.
The AMP Capital Global Property Securities Fund was developed to give investors access to a diversified portfolio of real estate securities and real estate investment trusts (REITs) listed on equity markets around the world. We provide access to investment opportunities that may otherwise require a large capital outlay and significant acquisition costs if purchased directly. By investing in a portfolio of listed real estate trusts, investors are also able to withdraw small amounts of capital if needed, and have access to a range of different types of real estate.
"Listed real estate provides access to high quality assets around the world in a highly liquid form, enabling investors to promptly respond to market conditions and readily capitalise on opportunities."
James Maydew, Head of Global Listed Real Estate
Empire State Building
Location: New York City, USA
Owner: Empire State Realty Trust
Business: The Empire State Building is a 102-storey skyscraper located in Midtown Manhattan on Fifth Avenue, between West 33rd and 34th Streets. With new investments in energy-efficiency and infrastructure upgrades, the Empire State Building attracts tenants in a diverse array of industries. The observatories on the 86th and 102nd floor provide 360° views of New York City and beyond.
Les Quartes Tempes
Location: Paris, France
Owner: Unibail-Rodamco
Business: Les Quarte Temps is one of the largest malls in Europe, covering around 130,000 square metres. Opened in 1981, it is located in the main commercial centre in the business district of La Defense in Paris, France. The mall offers around 250 shops including a food section and a cinema complex.
The Fund's risk level is based on the estimated number of negative annual returns for the Fund over any 20 year period and is not a complete assessment of the risks of investing in the Fund. For instance it does not detail what the size of a negative return could be or the potential for a positive return to be less than an investor may require to meet their objectives. Consequently, before choosing to invest or reinvest in the Fund, you should read the Fund's PDS and incorporated information and consider factors such as the likely investment return, the risks of investing and your investment time frame. Information about the methodology used for calculating the risk level is available here.
* The benchmark for this Fund changed on 1 October 2016 to the FTSE EPRA/NAREIT Developed Index Hedged in AUD Net TRI from the FTSE EPRA/NAREIT Developed Rental Index Hedged in AUD Net TRI. Past performance from 1 October 2016 is reported against the FTSE EPRA/NAREIT Developed Index Hedged in AUD Net TRI. Past performance from 1 October 2011 to 1 October 2016 is reported against the FTSE EPRA/NAREIT Developed Rental Index Hedged in AUD Net TRI. Past performance of the Fund prior to 1 October 2011 is reported against the UBS Global Real Estate Investors Index (Hedged in AUD) on a gross of withholding tax basis prior to 30 September 2004, and on a net of withholding tax basis from 30 September 2004 to 30 September 2011.