Resolution Capital Real Assets Fund
Resolution Capital has launched the Resolution Capital Real Assets Fund after gaining unitholder approval to change the strategy of the Core Plus Property Securities Fund.
The Resolution Capital Real Assets Fund strategy now includes listed infrastructure securities, along with global and Australian listed real estate. Up to 50% of the fund’s portfolio by gross asset value can be invested in Australian listed infrastructure (ALI) securities and up to 20% in global listed real estate securities and global listed infrastructure. At least 50% of the fund’s portfolio by gross asset value will continue to be invested in Australian real estate investment trusts.
“The team has been investing in A-REITs since 1995 and has delivered an exceptional long term investment track record. We view the Real Assets strategy as a natural evolution of our investment strategy," Andrew Parsons, Resolution Capital chief investment officer said.
Management fees for the fund have been reduced from 0.7 per cent per annum to 0.65 per cent per annum.