Quay Global Investors has announced that the Quay Global Real Estate Fund (Unhedged) has been added to CFS FirstChoice across its wholesale, super and pension menus.
The Bennelong boutique is the manager of the fund, which invests in a portfolio of real estate securities listed on exchanges around the world. It is described by Quay as being relatively concentrated, with a conviction-based approach, and is currency unhedged.
Jonas Daly, head of distribution at Bennelong Funds Management, said that Quay was pleased to establish the mandate with the CFS FirstChoice team to offer Australian advisers and investors access to some of the best-listed property assets globally.
He suggested that, after the recent sell-off in broader equity markets, there is now an opportunity for investors to consider buying listed property assets at attractive prices.
“Quay’s differentiators include a strong awareness of credit markets (from the principals’ investment banking background), avoiding property developers, and seeking opportunities to buy quality assets below their ‘replacement cost’,” said Mr Daly.
“With its index unaware approach, the Quay team actively weights the portfolio into the best quality names, rather than having to allocate to large index-weighted names based on their market capitalisation and size.”
The Quay Global Real Estate Fund has returned 9.61 per cent per year since inception, outperforming its benchmark by 3.49 per cent.
Quay noted that it has received multiple industry awards and is rated Highly Recommended by Lonsec, Recommended by Zenith, and Outstanding by SQM.
The firm added that it was focused on delivering investors real total returns, investing through the cycle while also taking advantage of counter-cyclical opportunities.
