Our global listed real estate equities strategy provides highly liquid access to the return potential of property markets across the world.

Global Listed Real Estate Equities

Our global real estate equities strategy provides highly liquid access to the return potential of property markets across the world by investing in the stocks of companies that derive most of their income from real estate.

The strategy provides well-diversified exposure to the stocks of companies around the world that derive at least 75% of their income from property. It is actively managed by our Amsterdam-based Global Listed Real Estate team and benchmarked against the FTSE EPRA NAREIT Global index.

The portfolio invests in 65–96 stocks and aims to outperform its benchmark over a full real estate cycle.

EUR 1.7 bn

assets under management

8

real estate experts

23

year track record

19 years

average investment experience

Investment Philosophy and Process

We believe investing in global real estate equities is an efficient way of gaining exposure to the property markets, and that it is possible to outperform the broad market by exploiting inefficiencies between countries and across real estate markets and sectors.

Our investment process includes a top-down assessment of real estate cycles and sectors across regions to identify inefficiencies and opportunities. In doing so we analyse macroeconomic conditions, valuations, sentiment and the direct property market. We also look for themes of particular investment interest that are evident in the real estate markets.

We perform a bottom-up assessment to identify the companies that are best placed to exploit the inefficiencies we have identified, using proprietary quality and risk scorecards and estimating their return potential. The strategy is subject to strict risk control, with the real estate investment team itself considering a variety of sources of risk, and independent oversight from our investment risk management team.