Folkestone January Report; Outperformed the Benchmark Return

The Folkestone MAXIM A-REIT SECURITIES FUND has released the company monthly report that provides a snap shot of the funds’ performance.

KEY TAKEAWAYS:

• There was little news flow in January with the main announcement being Vicinity Centres revaluing their portfolio, resulting in a 3.5% increase in value over the 6 months to December 2016;
• Within this portfolio, there was a net $286m uplift in Chadstone Shopping Centre, which is now valued at $5.25bn on a yield of 4.25%;
• In January, the Fund returned -3.82% (after fees, before tax) outperforming the Benchmark return of -4.71% by 0.89%;
• Over the 12 month period ended 31 January 2017, the Fund returned +10.57% (after fees, before tax), outperforming the Benchmark return of +6.83% by +3.74%.

The Folkestone Maxim A-REIT Securities Fund has been reported as the No. 1 performing fund over one, two and three years in the Mercer Investment Performance Survey of Australian Real Estate Securities (REIT) (Active Funds) at 31 December 2016.

Whilst there is on-going discussion in the market about whether active managers in the A-REIT sector can add value, the company has demonstrated through their high conviction active strategy that the company can consistently outperform the Index over time.

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