Lonsec reviews unlisted fund sector
Lonsec’s latest review of Australian hybrid property funds has reflected confidence in both the sector and selected managers.
According to Lonsec, the benefits of investing in these types of funds are becoming increasingly apparent, with individual investors likely to find a fund that meets their long-term investment objectives.
This is enhanced by the fact that several of the funds Lonsec reviewed provide a range of property exposures (direct, global, listed and unlisted), removing the allocation complexities of property investment.
Furthermore, the majority of funds in the review have experienced strong investment inflows since 2005, with the average fund size increasing by 44 per cent to $238 million.
However, the average team turnover in Lonsec’s domestic property securities fund review was 35 per cent, which is considerably higher than that of previous years.
Funds in the 2006-07 review are:
• AMP Core Property Fund;
• APN Diversified Property Fund;
• AXA Wholesale Australian Property Fund;
• Australian Unity Property Income Fund;
• Challenger Hybrid Property Fund;
• MacarthurCook Diversified Property Income Fund;
• Merrill Lynch Combined Property Income Fund; and
• Perpetual Property Income Fund.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
