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 December 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
-4.53%-3.09%-5.42%-21.52%-1.70%1.53%6.50%5.69%10.13%$4.40 mil AUD

Price & Distributions*

DateUnit PriceApplication PriceRedemption Price
20/01/20210.98110.98350.9786
19/01/20210.98680.98930.9843
18/01/20210.96270.96510.9603
15/01/20210.95330.95560.9509
14/01/20210.94630.94870.9440
13/01/20210.94810.95040.9457
12/01/20210.94680.94920.9444
11/01/20210.94920.95160.9468
8/01/20210.94210.94450.9398
7/01/20210.93480.93710.9324
6/01/20210.93730.93960.9349
5/01/20210.93230.93460.9299
4/01/20210.93010.93240.9277
31/12/20200.93790.94020.9355
30/12/20200.93160.93390.9293

*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.

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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
Taiwan1.97%
Cash3.77%
H-shares6.00%
China A-shares11.06%
Red Chips12.47%
Singapore21.14%
Hong Kong43.59%
Sector Exposure
Cash3.77%
REITS36.92%
Real Estate59.30%
Top 10 Holdings
Capitaretail China TrustSingaporeREITS10.66%
China Resources Land LtdRed ChipsReal Estate9.22%
Yuexiu Real Estate Investment TrustHong KongREITS8.94%
Fortune Real Estate Investment TrustHong KongREITS7.96%
China Merchants Shekou Industrial Zone Holdings Co LtdChina A-sharesReal Estate6.31%
New World Development Co LtdHong KongReal Estate6.20%
China Vanke Co LtdH-sharesReal Estate6.00%
Manulife US Real Estate InvestSingaporeREITS5.21%
Sun Hung Kai Properties LtdHong KongReal Estate4.83%
Poly Developments and Holdings Group Co Ltd.China A-sharesReal Estate4.74%
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