Premium Asia Property Fund
(Note: The Premium Asia Property Fund is closing and not accepting applications and redemptions. Please click here for full announcement.)
APIR MAQ0574AU
About the Fund
The Premium Asia Property Fund is a managed investment scheme which invests primarily in securities of property or property-related companies with exposure to any, some, or all, of the following countries: Hong Kong, Mainland China, Taiwan, Macau, Malaysia, Philippines, Singapore, Republic of Korea, Thailand and Indonesia. The Fund aims to provide investors with positive returns over 10% p.a. over a three to five year period.
Why Asia Property ?
- Diverse range of economies and investment opportunities
- Rapid growth in productivity, private wealth and consumption power
- Powerhouse of technology, innovation and influence
| Fund Inception | 4 June 2008 |
|---|---|
| Management Fees | 2.10% p.a. |
| Performance Fees | 20% p.a. of the amount by which the Fund's performance exceeds 10% p.a. (subject to high-watermark) |
| Minimum subscription | $25,000 AUD |
| Transaction costs (Buy/Sell Spread) | ±0.25 |
| Distribution Frequency | Annually |
Performance
Performance Chart for Premium Asia Property Fund
Premium Asia Property Fund Performance Table
Premium Asia Property Fund Performance as at 31 March 2021 (net %)
| 1 month | 3 month | 6 month | 1 year | 3 years p.a. | 5 years p.a | 7 years p.a. | 10 years p.a. | Inception p.a. | AUM |
|---|---|---|---|---|---|---|---|---|---|
| -2.55% | 0.70% | -2.41% | -11.17% | -3.73% | 4.49% | 7.41% | 5.91% | 9.98% | $3.74 mil AUD |
Price & Distributions*
| Date | Unit Price | Application Price | Redemption Price |
|---|---|---|---|
| 16/04/2021 | 0.9440 | 0.9464 | 0.9417 |
| 15/04/2021 | 0.9441 | 0.9464 | 0.9417 |
| 14/04/2021 | 0.9441 | 0.9465 | 0.9418 |
| 13/04/2021 | 0.9458 | 0.9481 | 0.9434 |
| 12/04/2021 | 0.9458 | 0.9482 | 0.9435 |
| 09/04/2021 | 0.9460 | 0.9484 | 0.9437 |
| 08/04/2021 | 0.9460 | 0.9484 | 0.9436 |
| 07/04/2021 | 0.9472 | 0.9495 | 0.9448 |
| 06/04/2021 | 0.9481 | 0.9504 | 0.9457 |
| 01/04/2021 | 0.9433 | 0.9456 | 0.9409 |
| 31/03/2021 | 0.9445 | 0.9468 | 0.9421 |
| 30/03/2021 | 0.9430 | 0.9454 | 0.9407 |
| 29/03/2021 | 0.9482 | 0.9506 | 0.9458 |
| 26/03/2021 | 0.9479 | 0.9503 | 0.9455 |
| 25/03/2021 | 0.9430 | 0.9453 | 0.9406 |
*Please note that the unit prices displayed in the table are for reference only. For accurate unit prices, please contact our registry team, Link Fund Solutions.
Investment Strategy
The Fund aims to provide capital growth over a three to five-year period, prior to exchange rates effects, by primarily investing in the securities of Asian property or property-related companies across a range of market capitalisations with exposure to any, some, or all the following: Hong Kong, Mainland China, Taiwan, Macau, Malaysia, Philippines, Singapore, Republic of Korea, Thailand and Indonesia. The Fund is managed by value partners using a disciplined value-oriented approach supported by intensive, on-the-ground bottom-up fundamental research resulting in a portfolio of individual holdings, which are in the view of value partners, undervalued and of high quality, on either an absolute or relative basis, and which have the potential for capital appreciation.
In addition to direct investment in the securities of Asian property or property-related companies, the Fund may also invest in listed equities (including depositary receipts), listed China A shares, listed unit trusts, shares in mutual fund corporations and other collective investment schemes (including real estate investment trusts), derivatives including both exchange-traded and OTC, convertible securities, participatory notes, bonds, cash and cash equivalents , and foreign exchange contracts. Please refer to section 5.4 for further information on the range of assets the Fund could invest in and the location and currency denomination of those assets.
In implementing its investment strategy, the investment manager may use derivatives to gain exposure to certain assets or to hedge its risk. The success of the Fund’s investment strategy is subject to several factors and subject to several key risks and assumptions. These risks factors, assumptions and the Fund’s risk management measures are summarised in the PDS. The Responsible Entity may vary the investment strategy after approval by instructions to the investment manager. Any changes to the investment strategy will be notified to investors in accordance with the law.
All investment carry risk. The risks of the Fund are inherent risks associated with a global macro strategy. For further details please refer to the Fund PDS.
| Investment Horizon | 5 or more years |
|---|---|
| Short Selling | The Fund will not engage in short-selling |
| Leverage | The Fund will not borrow, or use derivatives, for the purposes of leveraging or magnifying the Funds exposure to any asset or market. |
| Geographic Limits | The Premium Asia Property Fund primarily invests in the securities of Asian property or property-related companies across a range of market capitalisations with any, some or all of the following: Hong Kong, Mainland China, Taiwan, Macau, Malaysia, Philippines, Singapore, Republic of Korea, Thailand and Indonesia. |
| Initial Investment Amount | $25,000 |
| Additional Investment Amount | $10,000 |
| Minimum Holding Amount | $25,000 |
Portfolio Asset Allocation – Limits
| Asset type | Allocation range (%) |
|---|---|
| International listed equities | 0-100 |
| International unlisted equities | 0-10 |
| International government bonds | 0-15 |
| International corporate bonds | 0-15 |
| Exchange-traded derivatives | 0-60 |
| Over-the-counter derivatives | 0-50 |
| Cash and cash equivalent investments | 0-20 |
| Convertibles | 0-10 |
Portfolio Snapshot
Geographical Listing
| Cash | 100.00% |
|---|
Sector Exposure
| Cash | 100.00% |
|---|
Top 10 Holdings
| Cash | 100.00% |
|---|