INVESTING
Fairtree branches out to offer South Africans exposure to foreign real estate
Fairtree has launched a specialised investment fund that offers South Africans exposure to an array of real-estate markets in countries they have not had access to before. Investors can buy into the Fairtree Global Real Estate Prescient Fund which has been running for a year and they will not have to use up their personal offshore allotment. The fund outperformed the FTSE EPRA/NAREIT Developed Index Net TRI USD – a developed market property index – by 4% in its first year of operation. The Fairtree Global Real Estate Prescient Fund was up 6.49%, outperforming the benchmark by 4.08% in terms of gross performance, before expenses and management fees, after its first year of operation. "We follow a top-down lead investment approach, which gives us three bites of the apple to generate alpha, said co-portfolio manager Rob Hart. "Our team starts with the geographical overlay of country selection, then moves on to sector selection, and finally stock selection." The fund’s managers consider...
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