Australian Listed Property
Pendal’s Australian property team — part of our Australian Equity boutique — bases its investment research on a strong valuation framework to fit an increasingly complex property investment environment.
The team is led by Pete Davidson and Julia Forrest.
Pete is our head of listed property. Over more than 30 years he has held financial markets roles spanning portfolio management, advisory and treasury markets.
Julia has managed Pendal’s property trust portfolios for more than a decade. She has 25 years of experience spanning equities research and advisory, initial public offerings and capital raisings.
Pete and Julia use a range of proprietary valuation methodologies, supplemented by third-party research, a program of company visits, property inspections and macroeconomic analysis.
The Pendal Property Securities Fund invests primarily in Australian listed property-related investments including listed property trusts, developers and infrastructure investments, both directly and indirectly.
Up to 15% of the fund can be invested in international listed property-related investments and around 5% will generally be invested in unlisted property investments.
The fund aims to provide a return (before fees, costs and taxes) that exceeds the S&P/ASX 300 A-REIT Accumulation Index over the medium-to-long term.
Learn more about the Australian Property team.
International Listed Property
AEW Capital Management manages the Pendal Global Property Securities Fund. The fund is an actively-managed diversified portfolio of international property securities in North America, Europe and Asia.
The fund aims to provide a return (before fees, costs and taxes) that exceeds the return from the UBS Global Real Estate Investors (ex Australia) Index, net of withholding tax (hedged to AUD) over the medium-to-long term.
AEW is an investment advisory firm dedicated solely to real estate investment, management and research. Founded in 1981, AEW adheres to a research-guided, value-oriented investment discipline that reflects their in-depth experience across market cycles.
AEW and its affiliates manage real estate assets and securities on behalf of many of the world’s leading institutional and private investors. AEW integrates quantitative research with hands-on real estate and capital markets expertise.
Its rigorous investment discipline is designed to find companies whose shares represent the best combination of value and upside price potential for a given level of downside risk.
Find out more
Read articles and listen to podcasts from Pendal portfolio managers and analysts at The Point