ASI UK Real Estate Share A

Indirect property fund i.e. buys shares of UK & European real estate companies.

  • 152.90p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.62%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.20%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 13 December 2019, fund data last updated 01 December 2001

The objective of the fund is to achieve a combination of income and capital growth by investing mostly in UK property companies, although investment overseas is also permitted.

Fund summary

Sector Property Other
Structure OEIC
Launched April, 2006
Size £380m
Yield 1.20%
Charging basis Capital
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.62%

Allocation

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Investment process

This fund aims to provide long term capital growth together with a moderate level of income from a diversified portfolio of investments in the shares of UK property companies. Additionally the manager may invest in preference shares and convertibles. Holdings will be concentrated in the UK. However, the portfolio may include investments in overseas markets.

Manager research

Average monthly relative returns

  • 14/15 -0.20%
  • 15/16 0.25%
  • 16/17 -0.26%
  • 17/18 0.81%
  • 18/19 0.23%

Bestinvest MRI

  • 3 years 0.26%
  • 5 years 0.17%
  • Career -0.09%
  • 3 years 89.30%
  • 5 years 90.20%
  • Career 61.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Aberdeen Pan European Equity Team

Ben Ritchie was appointed Aberdeen’s Head of UK and European Equities in 2016. Alongside a generalist role acts as deputy investment manager on the property share fund. He joined Aberdeen in 2002 as a graduate having interned with Aberdeen in 2000 and 2001. Ritchie graduated with a BA (Hons) in Modern History and Politics from Pembroke College, University of Oxford and is a CFA charterholder.

Track record

Aberdeen Pan European Equity Team has 16.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.09%. During the worst period of relative performance (from August 2004 - August 2017) there was a decline of 29% relative to the index. The worst absolute loss has been 47%.

Periods of worst performance

Absolute -47.00% (May 2007 - February 2009)
Relative -29.00% (August 2004 - August 2017)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 August 2019

8% Segro Plc
7.4% Assura Plc
6.7% Londonmetric Property Plc
6.6% Unite Group
5.6% Big Yellow Group
4.9% Workspace Group Plc
4.4% Safestore Hldgs Plc
4.1% Capital & Counties Properties Plc
4% Shaftesbury Plc
3.7% Sirius Real Estate Ltd Ord Npv
Source: Trustnet

Sector breakdown

Real Estate 80.00%
Consumer Discretionary 13.00%
Communications 4.00%
Mutual Funds 3.00%
Others 1.00%

Portfolio

There are approx. 40 stocks in the portfolio.

Key Investor Information

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