AMP Capital Global Property Securities Fund provides access to listed property investment opportunities from around the developed world through a single fund.
The Fund produced a very strong return in the December quarter, though underperformed the benchmark. Asset allocation was a negative contributor to the relative return, though stock selection was positive. Stock selection with the office and diversified sectors were significant positive contributors, while significant detractors included our small cash allocation, as well as being overweight to the industrial sector, which outperformed over the quarter, and underweight to the retail sector, which underperformed over the three months. At an individual stock level, an overweight position in Ryman Hospitality Properties was a significant positive contributor to relative performance, while an overweight position in Prologis was a major detractor.
What is AMP Capital Global Property Securities A AMP Capital Global Property Securities A is an Managed Funds investment product that is benchmarked against Dvlp Global Real Estate and sits inside the Property - Global Listed Property Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The AMP Capital Global Property Securities A has Assets Under Management of 904.63 M with a management fee of 0.97%, a performance fee of 0.00% and a buy/sell spread fee of 0.6%.
How has the investment product performed recently?
The recent investment performance of the investment product shows that the AMP Capital Global Property Securities A has returned 6.15% in the last month. The previous three years have returned 0.72% annualised and 17.98% each year since inception, which is when the AMP Capital Global Property Securities A first started.
How is risk measured in this investment product?
There are many ways that the risk of an investment product can be measured, and each measurement provides a different insight into the risk present. They can be used on their own or together to perform a risk assessment before investing, but when comparing investments, it is common to compare like for like risk measurements to determine which investment holds the most risk. Since AMP Capital Global Property Securities A first started, the Sharpe ratio is 0.23 with an annualised volatility of 17.98%. The maximum drawdown of the investment product in the last 12 months is -14.87% and -66.08% since inception. The maximum drawdown is defined as the high-to-low decline of an investment during a particular time period.
What is the relative performance of the investment product?
Relative performance is what an asset achieves over a period of time compared to similar investments or its peers. Relative return is a measure of the asset's performance compared to the return to the other investment. The AMP Capital Global Property Securities A has a 12-month excess return when compared to the Property - Global Listed Property Index of -1.88% and 0.16% since inception.
Does the investment product produce Alpha over its Peers?
Alpha is an investing term used to measure an investment's outperformance relative to a market benchmark or peer investment. Alpha describes the excess return generated when compared to peer investment. AMP Capital Global Property Securities A has produced Alpha over the Property - Global Listed Property Index of -0.18% in the last 12 months and 0% since inception.
What are similar investment products?
For a full list of investment products in the Property - Global Listed Property Index category, you can click here for the Peer Investment Report.
What level of diversification will AMP Capital Global Property Securities A provide?
AMP Capital Global Property Securities A has a correlation coefficient of 0.98 and a beta of 1.05 when compared to the Property - Global Listed Property Index. Correlation measures how similarly two investments move in relation to one another. This establishes a 'correlation coefficient', which has a value between -1.0 and +1.0. A 100% correlation between two investments means that the correlation coefficient is +1. Beta in investments measures how much the price moves relative to the broader market over a period of time. If the investment moves more than the broader market, it has a beta above 1.0. If it moves less than the broader market, then the beta is less than 1.0. Investments with a high beta tend to carry more risk but have the potential to deliver higher returns.
How do I compare the investment product with its peers?
For a full quantitative report on AMP Capital Global Property Securities A and its peer investments, you can click here for the Peer Investment Report.
How do I compare the AMP Capital Global Property Securities A with the Dvlp Global Real Estate?
For a full quantitative report on AMP Capital Global Property Securities A compared to the Dvlp Global Real Estate, you can click here.
Can I sort and compare the AMP Capital Global Property Securities A to do my own analysis?
To sort and compare the AMP Capital Global Property Securities A financial metrics, please refer to the table above.
Has the AMP Capital Global Property Securities A been independently verified by SMSF Mate?
This investment product is in the process of being independently verified by SMSF Mate. Once we have verified the investment product, you will be able to find more information here.
How can I invest in AMP Capital Global Property Securities A?
If you or your self managed super fund would like to invest in the AMP Capital Global Property Securities A please contact 33 Alfred Street, Sydney via phone +61 2 8048 8162 or via email askamp@amp.com.au.
How do I get in contact with the AMP Capital Global Property Securities A?
If you would like to get in contact with the AMP Capital Global Property Securities A manager, please call +61 2 8048 8162.
Comments from SMSF Mates
SMSF Mate does not receive commissions or kickbacks from the AMP Capital Global Property Securities A. All data and commentary for this fund is provided free of charge for our readers general information.
Performance Commentary - September 30, 2020 The Fund produced a strong return for the September quarter and outperformed the benchmark over the period. Asset allocation was positive, though stock selection also positively contributed to the relative return. The Fund’s long- held underweight to retail was a main contributor to the outperformance, as stocks underperformed in the sector over the period, while an overweight to the industrial sector contributed positively. Stock selection was particularly strong in the Asia Pacific region, while still being positive in all other regions. At an individual stock level, an overweight position in Charter Hall Group was the largest positive contributor to relative performance, while an overweight position in UDR Inc was the biggest detractor over the period.
Performance Commentary - June 30, 2020 The Fund produced a strong return for the June quarter, though slightly underperformed the benchmark as markets bounced back from their March lows. On an industry sector basis, asset allocation and stock selection were negative for the quarter. An overweight exposure to the residential rentals sector was a significant positive contributor to relative performance, while an underweight allocation to high barrier CBD property detracted. On an absolute return basis, the portfolio’s US holdings were the strongest performers, though European and Asia Pacific portfolio holdings also performed well. An overweight position in Spirit Realty Capital Inc was a significant contributor to relative performance. The company invests in single-tenant, operationally essential real estate throughout the US that is leased on a long-term, triple-net basis primarily to tenants engaged in retail, service and distribution industries. We believe that further growth will be derived from acquisitions, where the market pipeline is deep and the company has a good track record. It recently reported solid Q1 2020 results and announced that it collected approximately 70% of its rent in April. During the period the company’s share price rose as it is expected to start recovering as lockdown measures are lifted. An overweight position in Japan Real Estate Investment Corp was a significant detractor from relative performance. The Japan-based company aims to achieve stable earnings over the medium to long-term through investment in office buildings and other assets mainly located in the Tokyo metropolitan area and other major cities. It has a conservative financial approach and maintains a low debt ratio. During the period, while there was no significant company-specific news, the company underperformed along with the broader Japanese listed real estate market as the nation saw relatively slow and gradual reopening from soft lockdown measures, with office landlords also being negatively impacted by enduring longer vacancies.
Product Snapshot
Product Overview
Performance Review
Peer Comparison
Product Details