Managers in the Fund
The Managers selected for the Fund, Invesco, Cohen & Steers, SWIP and AEW all have different processes for finding returns.
Invesco Institutional – 30 % of Fund*
Invesco performs qualitative and fundamental analysis to identify companies with the greatest return potential within controlled levels of risk. Invesco analyses properties and market cycles and tends to favour securities with consistent cash flow growth, positive earnings revisions and higher dividend yield coverage. Invesco has a comprehensive security valuation process. Portfolio managers are responsible for selecting stocks in their regions and are able to incorporate local market factors.
Cohen & Steers Capital Management – 30 % of Fund*
Cohen & Steers has extensive experience in researching and investing in property securities around the world. The key investment professionals are working in a collaborative fashion to create a bottom-up investment process that utilises a fully dedicated team of securities analysts. In addition, they have previously worked in joint venture arrangements with some of the most experienced real estate portfolio managers in the industry and as a result have acquired in-depth knowledge of global securities valuation methodologies.
AEW Capital Management – 25% of Fund*
AEW’s securities team combines its securities evaluation process with market intelligence from the firm’s private real estate platform to gain an information advantage.
Scottish Widows Investment Partnership – 15% of Fund*
SWIP has a highly experienced real estate team of 28 professionals with an average of 14 years’ industry experience. SWIP uses fundamental in-house research that identifies undervalued equities in the market. SWIP also uses macro economic research of real estate markets and sectors, combined with bottom-up views of individual real estate companies. SWIP has a large direct property portfolio with access to information on market movements. This is linked into the securities analysis mainly through the research team’s output and co-operation on research topics.
* Target Weights