The Ucits fund, which is domiciled in Ireland, but dollar denominated, is based on Resolution’s flagship Australian-domiciled Global Property Securities Fund.
The strategy is co-managed by four managers investing across all sectors and regions – Andrew Parsons, Marco Colantonio, Jan-Aldert De Vos and Robert Promisel.
Through bottom-up research, they seek to identify and invest in a select group of high-quality stocks with “unusual characteristics” that the market continually underappreciates.
The focus is on identifying and exploiting three key attributes: high barrier property markets where landlords have pricing power; strong balance sheets which can successfully withstand and exploit market cycles; and management teams with skill, discipline and alignment.
“To ensure focus on these attributes, we construct concentrated portfolios consisting of no more than 55 stocks at any one time,” said Parsons.
“While we are benchmark aware, our portfolio construction is benchmark agnostic.”
He added: “By judiciously filtering out stocks that, in our opinion, are not capable of safely delivering above average risk-adjusted returns, we can achieve the investment objective of protecting and growing our clients’ capital over the long term.
“The long-term investment focus has served clients particularly well in more challenging markets.
“It is also worth noting that an outcome of our long term approach has been below industry levels of portfolio turnover.”
