Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Resolution Capital launches real asset fund

Resolution-Capital/Andrew-Parsons/

1 October 2019
| By Oksana Patron |
image
image image
expand image

Resolution Capital has announced it is launching its new Resolution Capital Real Asset Fund after it has obtained unitholder approval to change the investment strategy of the Resolution Capital Core Plus Property Securities Fund.

The firm said that the new strategy would allow up to 50% of the fund’s portfolio by gross asset value to be invested in Australian Listed Infrastructure (ALI) securities while at least 50% would continue to be invested in Australian Real estate investment trusts (A-REITs).

Resolution Capital’s chief investment officer, Andrew Parsons, said the expansion of the fund and subsequent name change, which would allow for inclusion of listed infrastructure securities, was expected to improve the diversification and the risk-adjusted return profile of the fund.

“Australia is one of the fastest growing developed countries and two core elements which underpin a developed country’s growth are property and infrastructure,” Parsons said.

We believe the best way for investors to gain exposure to Australia’s growth and urbanisation is through a diverse portfolio of high-quality A-REITs and Australian Listed Infrastructure.”

Following the announcement, the firm said that the management fees for the fund would be reduced from 0.70% p.a. to 0.65% p.a. and there would be no changes to how the performance fee would be calculated.

Also, the listed infrastructure investment strategy changes only applied to the Resolution Capital Core Plus Property Securities Fund and there were no changes to any Resolution Capital’s other funds.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 week ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 month ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month 1 week ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

1 week 3 days ago

The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted. ...

2 weeks 3 days ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

2 weeks 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND