Asian Real Estate Securities
Our Asian Real Estate Securities Strategy seeks to provide current income and long term capital appreciation through investment in the equity securities of property companies located primarily in Asia’s developed markets.
The portfolio typically invests in 25-35 Asian property companies actively engaged in the ownership, management and development of real estate. Holdings are diversified across countries and property sectors. We focus principally on those countries and sectors with the greatest growth potential, where economic and real estate fundamentals are most attractive. We emphasize under-valued, under-appreciated and/or lesser-known companies, which are well-managed, well capitalized and well-positioned to exploit the trends in their respective markets. We invest primarily in companies that are active owners of real estate in the major Asian markets. Companies within emerging markets are also considered for investment, but only included if we believe the stock is attractive on a risk-adjusted basis. Our investment style is value driven and combines top-down/bottom-up analysis. Our investment themes and stock selections are determined by fundamental company, country and property sector analysis.