APN builds on stability to win
APN Funds Management rated highest among the six star rated property funds for having a stable team delivering good consistent returns.
For the three-year period ending March 21, 2003, APN Funds Management returned 18.1 per cent — a full 3 per cent above the sector average.
InvestorWebhead of research Martin Kerr says the group has been able to deliver the returns through a somewhat unique approach.
“APN doesn’t invest in overseas property and it invests 20 per cent in unlisted property — for example, property syndicates — and it has had good success with that.”
The product is designed more for income than growth and the group does its filtering on that basis, which Kerr says is again a little unique.
Director Howard Brenchley founded the business and, with over 16 years experience, is “obviously the key”, according to Kerr.
Credit Suisse Asset Managementalso rated highly, returning three-year performance figures to March 31, 2003, of 16.6 per cent.
Kerr says the group’s success owes much to the fund’s style, which focuses on rental income flows and stays away from illiquid holdings.
Macquarie Investment Management, which also rated very well, invests up to 10 per cent in property securities infrastructure.
Recommended for you
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
