In the current low growth environment, global listed real estate is uniquely placed to offer investors a good source of income and protection against inflation. In addition, the liquidity of the asset class (which refers to the ease with which investments can be bought and sold in the market place) enables investment managers to respond quickly to market conditions, thereby taking advantage of the best investment opportunities.
The AMP Capital Global Property Securities Fund was developed to give investors access to a diversified portfolio of real estate securities and real estate investment trusts (REITs) listed on equity markets around the world. We provide access to investment opportunities that may otherwise require a large capital outlay and significant acquisition costs if purchased directly. By investing in a portfolio of listed real estate trusts, investors are also able to withdraw small amounts of capital if needed, and have access to a range of different types of real estate.
"Listed real estate provides access to high quality assets around the world in a highly liquid form, enabling investors to promptly respond to market conditions and readily capitalise on opportunities."
James Maydew, Head of Global Listed Real Estate
Empire State BuildingLocation: New York City, USA
Owner: Empire State Realty Trust
Business: The Empire State Building is a 102-storey skyscraper located in Midtown Manhattan on Fifth Avenue, between West 33rd and 34th Streets. With new investments in energy-efficiency and infrastructure upgrades, the Empire State Building attracts tenants in a diverse array of industries. The observatories on the 86th and 102nd floor provide 360° views of New York City and beyond.
Les Quartes Tempes Location: Paris, France
Business: Les Quarte Temps is one of the largest malls in Europe, covering around 130,000 square metres. Opened in 1981, it is located in the main commercial centre in the business district of La Defense in Paris, France. The mall offers around 250 shops including a food section and a cinema complex.
The Fund's risk level is based on the estimated number of negative annual returns for the Fund over any 20 year period and is not a complete assessment of the risks of investing in the Fund. For instance it does not detail what the size of a negative return could be or the potential for a positive return to be less than an investor may require to meet their objectives. Consequently, before choosing to invest or reinvest in the Fund, you should read the Fund's PDS and incorporated information and consider factors such as the likely investment return, the risks of investing and your investment time frame. Information about the methodology used for calculating the risk level is available here.
* The benchmark for this Fund changed on 1 October 2016 to the FTSE EPRA/NAREIT Developed Index Hedged in AUD Net TRI from the FTSE EPRA/NAREIT Developed Rental Index Hedged in AUD Net TRI. Past performance from 1 October 2016 is reported against the FTSE EPRA/NAREIT Developed Index Hedged in AUD Net TRI. Past performance from 1 October 2011 to 1 October 2016 is reported against the FTSE EPRA/NAREIT Developed Rental Index Hedged in AUD Net TRI. Past performance of the Fund prior to 1 October 2011 is reported against the UBS Global Real Estate Investors Index (Hedged in AUD) on a gross of withholding tax basis prior to 30 September 2004, and on a net of withholding tax basis from 30 September 2004 to 30 September 2011.
AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) (AMPCFM) is the responsible entity of the AMP Capital Global Property Securities Fund and the issuer of the units in the Fund. To invest in the Fund, investors will need to obtain the current Product Disclosure Statement (PDS) from AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232 497) (AMP Capital). The PDS contains important information about investing in the Fund and it is important that investors read the PDS before making a decision about whether to acquire, or continue to hold or dispose of units in the Fund. Neither AMP Capital, AMPCFM nor any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this information. Past performance is not a reliable indicator of future performance. While every care has been taken in the preparation of this information, AMP Capital makes no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This content has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of this information, and seek professional advice, having regard to their objectives, financial situation and needs.