Fund manager: Gillian Tiltman
The Fund aims to maximise long term total return, consisting of income and capital appreciation, through investment, on a global basis, mainly in both real estate investment trusts (REITs) and other types of property companies.
The M&G Global Real Estate Securities Fund invests in real estate investment trusts (REITs) as well as other types of property companies to optimise long-term total return. The fund manager aims to exploit market pricing opportunities through the selection of global property stocks that are undervalued by investors, with overall portfolio construction also informed by top-down regional and sector views. The overlay of the fund takes into account real estate dynamics and risk assessment. A high-conviction investment process is utilised to select stocks, with a focus on structural shifts in global property markets through listed, rather than direct, property vehicles. While remaining risk aware, there is a pragmatic approach to stock selection. Attractively priced stocks are screened on an absolute basis, rather than on relative value, in the belief that real estate prices are driven by the net asset value of a company.
View the latest quarterly fund report or contact us to find out more.