Premium Asia Property Fund

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 Inception4 June 2008
Management Fees2.10% p.a.
Performance Fees20% 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 FrequencyAnnually

Performance

Performance Chart for Premium Asia Property Fund

Premium Asia Property Fund Performance Table

Premium Asia Property Fund Performance as at 31 July 2020 (net %)

1 month3 month6 month1 year3 years p.a.5 years p.a7 years p.a.10 years p.a.Inception p.a.AUM
-0.07%-5.67%-13.41%-14.02%2.73%3.89%6.32%7.03%11.00%$5.35 mil AUD

Price & Distributions

Premium Asia Property Fund Performance as at 29 February 2020 (net %)

DateUnit PriceApplication PriceRedemption Price
6/08/20200.99881.00130.9963
5/08/20200.99610.99850.9936
4/08/20201.00181.00430.9993
3/08/20200.99951.00200.9970
31/07/20200.99090.99340.9884
30/07/20200.98730.98970.9848
29/07/20200.98290.98540.9805
28/07/20200.96960.97210.9672
27/07/20200.96890.97130.9664
24/07/20200.98490.98730.9824
23/07/20200.99801.00050.9955
22/07/20200.99460.99700.9921
21/07/20201.01471.01721.0121
20/07/20201.02221.02481.0196
17/07/20201.00951.01201.0070

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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 Horizon5 or more years
Short SellingThe Fund will not engage in short-selling
LeverageThe Fund will not borrow, or use derivatives, for the purposes of leveraging or magnifying the Funds exposure to any asset or market.
Geographic LimitsThe 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 typeAllocation range (%)
International listed equities0-100
International unlisted equities0-10
International government bonds0-15
International corporate bonds0-15
Exchange-traded derivatives0-60
Over-the-counter derivatives0-50
Cash and cash equivalent investments0-20
Convertibles0-10

Portfolio Snapshot

Geographical Listing
Cash1.41%
Taiwan1.57%
H-shares3.68%
China A-shares13.36%
Red Chips16.33%
Singapore17.69%
Hong Kong45.96%
Sector Exposure
Cash1.41%
REITS30.58%
Real Estate68.01%
Top 10 Holdings
China Resources Land LtdRed ChipsReal Estate8.88%
Capitaretail China TrustSingaporeREITS8.58%
China Merchants Shekou Industrial Zone Holdings Co LtdA SharesReal Estate7.54%
China Jinmao Holdings Group LtdRed ChipsReal Estate7.44%
Shimao Property Holdings LtdHong KongReal Estate7.35%
Yuexiu Real Estate Investment TrustHong KongREITS7.26%
Fortune Real Estate Investment TrustHong KongREITS6.44%
Poly Developments and Holdings Group Co. LtdA SharesReal Estate5.82%
New World Development Co LtdHong KongReal Estate5.74%
Sun Hung Kai Properties LtdHong KongReal Estate4.85%
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