Horizon Asia-Pacific Property Income Fund

Actively managed fund focused on the managers’ best ideas in Asia-Pacific listed property stocks and REITs to deliver long-term capital appreciation

ISIN
LU0572942307

NAV
EUR 15.71
As of 2020/08/06

1-Day Change
EUR -0.04 (-0.25%)
As of 2020/08/06

Morningstar Rating

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide a sustainable level of income, with a dividend yield higher than that of the FTSE EPRA Nareit Developed Asia Dividend Plus Index, plus the potential for capital growth over the long term.

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The Fund invests at least 75% of its assets in a concentrated portfolio of shares (equities) and equity-related securities of real estate investment trusts (REITs) and companies of any size which will derive the main part of their revenue from owning, developing and managing real estate in the Asia Pacific region.

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ABOUT THIS FUND

  • A broad investable universe and selective approach enables the team to identify stocks with attractive dividend yield and growth characteristics
  • Managed by a specialist team in Singapore, supported by the wider global property equities teams in the UK and the US
  • Offers a liquid means of diversifying into real estate and benefitting from powerful secular themes influencing the asset class

PORTFOLIO MANAGEMENT

Tim Gibson

Co-Head of Global Property Equities | Portfolio Manager

Industry since 2001. Joined Firm in 2011.

Xin Yan Low

Associate Portfolio Manager

Industry since 2007. Joined Firm in 2014.

Performance

Discrete Performance (%)
As of 2020/06/30
A2 Acc EUR
 
Quarter End
As of 2020/06/30
Jun-2019 - Jun-2020 Jun-2018 - Jun-2019 Jun-2017 - Jun-2018 Jun-2016 - Jun-2017 Jun-2015 - Jun-2016
-9.11% 15.05% 5.23% -0.28% -1.64%
Cumulative Performance (%)
As of 2020/06/30
A2 Acc EUR (Net)
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
2006/04/25
A2 Acc EUR -0.19% 6.84% -12.49% -12.49% -9.11% 10.05% 7.94% 55.83%
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 2019/12/31)
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 2019/12/31)
1.92%
Performance Fee 10% of the 'Relevant Amount'

Portfolio

Top Holdings (As of 2020/06/30)
% of Fund
Sun Hung Kai Properties 6.51
Hang Lung Properties 4.88
Mitsui Fudosan 4.82
Mapletree Logistics Trust 4.79
Ascendas Real Estate Investment Trust 4.61
Invesco Office J-Reit 4.48
Nomura Real Estate Master Fund 4.48
Industrial & Infrastructure Fund Investment 4.48
Sino Land 4.34
Sekisui House Reit 4.33

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