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Contact details

ManagerGroupLogo
3rd Floor, 30, Cannon Street, London, EC4M 6YQ
0207 332 6501 (Fax Number)
0207 332 6500 (Main Number)

enquiries@firststate.co.uk

Fund managers

* Stephen Hayes10-Sep-2012 to Present
 
view    
Marco Van Bussel»01-Jul-2011 to 10-Sep-2012
Andrew Nicholas»01-Mar-2009 to 17-Aug-2012
Stuart Martin»01-Jun-2010 to 30-Jun-2011
John Snowden»12-Sep-2006 to 28-Feb-2009


Investment objectives

The Fund aims to provide income and grow your investment. The Fund invests in shares of companies that are involved in property around the world. The Fund does not invest directly in property assets.

Key Information

Fund vs sector

  1y 3y
Position 27 / 43 14 / 39
Quartile 3 2

Fund ratings

NeutralMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 4 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 8.94 11.77
Alpha -5.41 -3.29
Beta 1.87 1.80
Sharpe 0.44 0.72
Info Ratio 0.05 0.48
R2 0.88 0.88
Quartiles:   1  2  3  4   help with ratios
vs. IMA Property»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC +7.3+39.4+69.2+5.0+23.7-2.2+24.2
  IMA PROPERTY   +7.2+28.1+39.1+7.7+11.0-3.5+12.6
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf FIRST STATE GLOBAL PROPERTY SECURITIES B GBP INC INC 124.29 (p) 01-Oct-2014 2.07 0.85% G997 B1F76P9
pdf FIRST STATE GLOBAL PROPERTY SECURITIES B GBP ACC ACC 151.10 (p) 01-Oct-2014 2.05 0.97% G999 B1F76N7
pdf FIRST STATE GLOBAL PROPERTY SECURITIES B EUR INC INC 101.69 (EUX) 01-Oct-2014 n/a 0.86% GWJN
pdf FIRST STATE GLOBAL PROPERTY SECURITIES B EUR ACC ACC 129.34 (EUX) 01-Oct-2014 2.05 0.82% MCC2 B2PF3J3
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf FIRST STATE GLOBAL PROPERTY SECURITIES A EUR ACC ACC 148.90 (EUX) 01-Oct-2014 2.06 1.57% BTH0 B2PF382
pdf FIRST STATE GLOBAL PROPERTY SECURITIES A EUR INC INC 124.44 (EUX) 01-Oct-2014 2.08 1.58% BTH1 B2PF3X7
pdf FIRST STATE GLOBAL PROPERTY SECURITIES A GBP ACC ACC 145.50 (p) 01-Oct-2014 2.06 1.64% E039 B1F76L5
pdf FIRST STATE GLOBAL PROPERTY SECURITIES A GBP INC INC 115.72 (p) 01-Oct-2014 2.08 1.79% G998 B1F76M6

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£199.0m / $322.5m (01-Oct-14)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch12-Sep-2006
Pricing times12:00 Daily Dealing frequencyMonday-Friday
Dealing timesn/a
Minimum initial£ 1,000
Minimum additional£ 500
Initial charge4.00%
Annual management charge1.50%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarThe Bank Of New York Mellon (International)
Multi-Managern/a
Indexn/a
Dividend policyFeb 01, Aug 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Global Property Hotels, Industrial, Offices, Residential, Retail IMA Property
Largest holdings, 31-Aug-2014
Holding (%) Rank Fund factsheet Equity factsheet
SIMON PROPERTY GROUP INC 5.20 1 - -
MITSUI FUDOSAN 5.00 2 - -
HOST HOTELS & RESORTS INC 3.90 3 - -
EQUINIX INC 3.60 4 - -
STARWOOD HOTELS & RESORTS WORLDWIDE 3.60 5 - -
HONG KONG LAND HLDGS 3.30 6 - -
AVALONBAY COMMUNITIES INC 3.30 7 - -
MITSUBISHI ESTATE CO 3.20 8 - -
BOSTON PROPERTIES INC 3.10 9 - -
SUN HUNG KAI PROPERTIES LTD 2.90 10 - -
Total37.10 
Regional weightings, 31-Aug-2014
Region(%)Rank 
USA47.301 47.30% USA
Japan13.002 13.00% Japan
UK8.403 8.40% UK
Hong Kong7.404 7.40% Hong Kong
Australia7.105 7.10% Australia
Canada4.706 4.70% Canada
Others3.507 3.50% Others
Money Market3.408 3.40% Money Market
Brazil1.909 1.90% Brazil
Netherlands1.7010 1.70% Netherlands
Singapore1.6011 1.60% Singapore
Total100.00 
Sector weightings, 31-Aug-2014
Sector(%)Rank 
Retail - Property28.201 28.20% Retail - Property
Diversified & Specialty21.702 21.70% Diversified & Specialty
Offices - Property17.203 17.20% Offices - Property
Residential - Property13.204 13.20% Residential - Property
Lodging/Resorts11.805 11.80% Lodging/Resorts
Industrial - Property4.506 4.50% Industrial - Property
Cash3.407 3.40% Cash
Total100.00 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
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life See First State Global Property Securities fund as a life fund
pension See First State Global Property Securities fund as a pension fund

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Asset allocation

Property Shares, 96.60%
96.6000% ofProperty Shares
Money Market, 3.40%
3.4000% ofMoney Market

FE Adviser Fund Index

Sector analysis

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