For investors in Singapore

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


USD 16.06
As of 2023/12/08

1-Day Change
USD 0.00 (0.00%)
As of 2023/12/08

Morningstar Rating

As of 2023/11/30



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.


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.


Note: You should not make investment decisions based solely on marketing materials. You should read the Prospectus and the Product Highlights Sheet of the Fund for more details of the investment risks and seek independent professional advice where appropriate.


  • 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


Tim Gibson

Co-Head of Global Property Equities | Portfolio Manager

Industry since 2001. Joined Firm in 2011.

Xin Yan Low

Portfolio Manager

Industry since 2007. Joined Firm in 2014.


Cumulative & Annualised Performance (%)
As of 2023/11/30
A2 USD (Net) A2 USD (With Sales Charge)* FTSE EPRA Nareit Developed Asia Dividend Plus NR
  Cumulative Annualised
1MO 3MO 6MO YTD 1YR 3YR 5YR 10YR Since Inception
A2 USD (Net) 6.54 -2.95 -3.60 -7.49 -7.11 -6.36 -1.20 -0.43 2.55
A2 USD (With Sales Charge)* 1.21 -7.80 -8.42 -12.12 -11.75 -7.94 -2.20 -0.94 2.27
FTSE EPRA Nareit Developed Asia Dividend Plus NR 6.95 -2.77 -4.45 -8.38 -6.51 -4.16 -2.08 0.14 3.54
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 2022/06/30)
Performance Fee 10% of the 'Relevant Amount'
Hurdle Rate FTSE EPRA Nareit Developed Asia Dividend Plus Inde


Top Holdings (As of 2023/10/31)
% of Fund
Mitsubishi Estate 9.03
Mitsui Fudosan 6.57
Japan Hotel REIT Investment 5.71
KDX Realty Investment 4.86
Swire Properties 4.74
CapitaLand Investment 4.62
Scentre Group 4.60
Link REIT 4.53
CapitaLand Ascendas REIT 4.50
Japan Metropolitan Fund Invest 4.44