The Fat Prophets Global Property Fund (the Fund) is a registered managed investment scheme, listed on the Australian Securities Exchange (ASX: FPP) that was established in 2017 to provide Australian investors with exposure to an actively managed portfolio of diversified global real estate securities.
The Fund aims to provide investors a total return consisting of capital appreciation and dividend income over the initial 5 year term. With a value driven approach, the Fund will make a strategic allocation to the global real estate equity sector, investing primarily in global listed real estate investment trusts (REITs) where analysis reveals share prices fall below the underlying asset value.
Global REITs have a deep and liquid market, which Australian investors cannot typically access without direct investing to offshore markets or unlisted funds. To provide meaningful exposure to local markets and to take advantage of local sector enterprise, the Fund’s portfolio will be overweight in Australian REITs (~30%) compared to the traditional global benchmark of 6-7%.
The Fund will hold an interest in 70 to 90 of the most attractive opportunities that provide diversification of equity holdings and an interest in the entities that own, manage and develop some of the most iconic assets around the world, making this strategy and portfolio unique in Australia.
The Fund is managed by Fat Prophets Funds Management Pty Ltd (the Manager). The primary portfolio manager of the Fund is Simon Wheatley who has over two decades of deep experience in the listed real estate sector.
One Managed Investment Funds Limited is the Responsible Entity of the Fund and members of One Investment Group provide custody and administration services to the Fund. Additional information about the Fund can be found on the Fund’s website.
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