Resolution Capital Real Assets Fund
The Fund gives Investors access to a professionally managed portfolio of Australian listed real estate, typically known as A-REITs, and Australian listed infrastructure investment securities.
The Resolution Capital Real Assets Fund (‘the Real Assets Fund’) gives Investors access to a professionally managed portfolio of Australian listed real estate, typically known as A-REITs, and Australian listed infrastructure investment securities.
The underlying assets of the investments include commercial real estate assets such as office buildings, shopping centres and logistics warehouses as well as infrastructure assets such as airports, pipelines, toll roads and public utilities.
Resolution Capital seeks to further enhance returns by investing up to 20% of the Real Assets Fund in global real estate and infrastructure securities listed on international stock exchanges.
The Real Assets Fund will invest primarily in Australian Real Estate Investment Trusts (‘A-REITs) and real estate securities (minimum of 50% of the portfolio), but also has the ability to invest in Australian listed infrastructure securities (‘ALI’) and up to 20% in global listed real estate and infrastructure securities (global portion).
Many infrastructure assets are complementary to real estate securities and have similar characteristics in that the primary source of revenue is from physical assets which generate sustainable, long-dated, inflation-protected cash flows. The offshore component draws off our highest conviction ideas from our team of highly experienced global portfolio managers.
Domestic and global stocks are evaluated on a consistent basis, with the decision to allocate to global stocks based on the assessment of the relative risk and return of the stocks in each market.
The Real Assets Fund’s investment objective is to exceed the total return of the Benchmark after fees on a rolling 3 year basis.
In doing so, the Real Assets Fund aims to provide Investors with a level of distributable income combined with the potential for long term capital growth sourced from real estate and infrastructure based revenue streams.
The majority of the Fund will be invested in Australian listed REITs (‘AREITs’) and real estate securities (minimum of 50% of the portfolio), with the ability to invest up to 50% in Australian listed infrastructure securities (‘ALI’) and up to 20% in global listed real estate and infrastructure securities (global portion). The Fund will also have some exposure to cash.
Detailed research and internal debate underpin all investment decisions. The ASX listed component of the Fund is focused on identifying investment opportunities within the Australian real estate and infrastructure securities universe.
The Fund invests in REITs and real estate securities that derive most of their returns from rental income.
The Fund’s investments provide exposure to a range of underlying real estate including office buildings, shopping centres, industrial warehouses, residential communities, hotels and healthcare facilities.
The infrastructure component will seek to invest in monopoly like assets, with reliable demand and predictable cashflows, backed by physical assets. This may include, but is not limited to, airports, toll roads, towers and utilities.
Whilst the Fund will have no limit to the number of investments in its portfolio, it will generally hold between 20 and 40 stocks.
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All content in respect of the Resolution Capital Real Assets Fund (ARSN 131 850 363) (the Fund) is issued by Pinnacle Fund Services Limited ABN 29 082 494 362 AFSL 238 371 (“PFSL”) as responsible entity of the Fund and is prepared by Resolution Capital Limited (ABN 50 108 584 167) (AFSL 274491) as the investment manager of the Trust. PFSL is not licensed to provide financial product advice.
The information provided is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision in respect of the Fund, you should consider the current product disclosure statement (PDS) and Target Market Determination (‘TMD’) of the Fund and the Fund’s other periodic and continuous disclosure announcements lodged with the ASX, which are available at www.asx.com.au/, and assess whether the Fund is appropriate given your objectives, financial situation or needs. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser.
Neither PFSL nor ResCap guarantees repayment of capital or any particular rate of return from the Fund. Neither PFSL nor ResCap gives any representation or warranty as to the currency, reliability, completeness or accuracy of the information contained in this listing. All opinions and estimates included in this listing constitute judgments of ResCap as at the date of listing creation and are subject to change without notice. Past performance is not a reliable indicator of future performance.
Zenith Disclaimer:
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned ASX:RCAP, WHT0015AU, IOF0081AU, IOF0184AU and WHT0014AU – July 2023) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.
Lonsec Disclaimer:
The Lonsec ratings (assigned as follows: Resolution Capital Global Property Securities Fund (Managed Fund) – September 2023; Resolution Capital Global Property Securities Fund (Unhedged) – Series II – September 2023; Resolution Capital Global Property Securities Fund (Hedged) – Series II – September 2023; Resolution Capital Real Assets Fund – May 2024) presented in this document are published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445. The Ratings are limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial products. Past performance information is for illustrative purposes only and is not indicative of future performance. They are not a recommendation to purchase, sell or hold Resolution Capital products, and you should seek independent financial advice before investing in these products. The Ratings are subject to change without notice and Lonsec assumes no obligation to update the relevant documents following publication. Lonsec receives a fee from the Fund Manager for researching the products using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: https://www.beyond.lonsec.com.au/intelligence/lonsec-ratings.
Resolution Capital is a specialist global listed real assets investment manager with a successful long-term investment track record and ardent culture of fiduciary responsibility. The firm was established in 2004 and is headquartered in Sydney, Australia and maintains an office in New York.
Resolution Capital aims to provide clients exposure to the underlying returns of some of the world’s highest quality real estate and infrastructure assets in a simple, transparent, liquid and tax efficient form.
Resolution Capital is a fundamental orientated investment manager with the objective of delivering superior risk adjusted long term returns, compared with recognised industry benchmarks. This is achieved through investment in a concentrated portfolio of carefully selected listed real estate and infrastructure securities with an emphasis on avoiding fundamental flaws, which could reasonably result in permanent impairment of the underlying investments. This aligns our investment process and security selection with clients’ objectives of long term real wealth creation and avoids the culture of index hugging.
Andrew is one of the founding members of Resolution Capital. Andrew has over 30 years experience in global financial and property markets.
Prior to founding Resolution Capital Andrew worked for the Australian Stock Exchange, CS First Boston and Lend Lease, and is a past Chairman of the Property Council of Australia’s Capital Markets Committee.
Andrew is also a Fellow of the Australian Property Institute, and a Fellow of the Royal Institute of Chartered Surveyors.
Sonia joined Resolution Capital in 2012 and has over 26 years of experience in global real estate investment and funds management. Sonia has managed opportunistic global real estate funds with Australian, European, US and Asian-based investments and capital transaction responsibilities in the Benelux/CEE markets.
In addition, she has had direct experience in fund establishment, structuring documentation and capital raising. Sonia has previously worked as a Fund Manager at Babcock & Brown, MGPA in London, and held portfolio management roles with Lend Lease in New York and Sydney.
Marco is one of the founding members of Resolution Capital and has over 30 years experience in global financial and property markets.
Marco has previously worked as a Senior Valuer at Jones Lang LaSalle and as a Consultant in JLL’s Advisory business where he was involved in valuing and advising institutional clients in regards to commercial real estate portfolios.
He also worked as an Equities Research Analyst at BBY, and a Capital Transactions executive at Lend Lease.
While at Lend Lease, Marco worked on real estate projects in Japan and Singapore.
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The issuer of this product is identified at the top of this page. The PDS and target market determination for the product are available in the Documents section of this listing. Prospective investors should consider the PDS before deciding to acquire the product. This product listing was vetted by and approved by the product issuer identified above before publishing. Investment Markets (Aust) Pty Ltd AFSL 527875 (IM) is not the issuer of the product.
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