Fat Prophets Global Property Fund LIC

The Fat Prophets Global Property Fund (the Fund) (ASX: FPP) is a listed investment company focussing on investing in undervalued global listed Real Estate Investment Trusts (REITs).

According to Fat Prophets, the Fund will invest in a diversified, high conviction portfolio of global real estate exposures managed by Fat Prophets Funds Management Pty Ltd (the Manager). It will target provision of regular distributions paid to investors on a 6 monthly basis, and capital growth. The Fund will invest in 70-90 stocks from the overall 350 stock benchmark universe. The Fund will only invest in equities in developed markets and will not use leverage, shorting or derivatives.

In a letter to investors, Angus Geddes, CEO of Fat Prophets said: "This new Fund provides Australian investors the opportunity to diversify their equity holdings in Real Estate Investments Trusts (REITs) outside of Australia so they can now have an interest in the entities that own, manage and develop some of the most iconic assets around the world.

Key dates
Offer opened: 19 July 2017
Offer closed: 22 September 2017
Expected to list on the ASX: Week ending 13 October 2017

Chief Executive Officer, Angus Geddes, and Chief Investment Officer, Simon Wheatley, introduce Fat Prophets newest Listed Investment opportunity: The Global Property Fund (ASX: FPP).
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