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Investec Property Equity Fund

The Investec Property Equity Fund invests in Property Unit Trusts (PUTs) and Property Loan Stocks (PLSs) listed on the JSE and aims to provide long-term investors with attractive and growing interest income. The Fund invests in a spread of South African listed property stocks that distributes pre-tax interest income (rather than post-tax dividends) and can therefore be compared to cash and bonds as an alternative asset class.

Investment objective

The Investec Property Equity Fund aims to grow income and capital. The fund targets returns in excess of the FTSE/JSE SA Listed Property Index, measured over three year periods.

Strategy

The fund maintains an exclusive focus on interest-income generating South African listed property stocks, specifically Property Unit Trusts (PUTs) and Property Loan Stocks (PLSs). The investment team utilises Investec Property Investments’ proprietary research platform to assist in the screening and selection of listed property securities. The focus is on sourcing lines of stock at attractive prices and identifying value opportunities relative to the sector in order to achieve outperformance.

Fund features

  • Attractive and growing income returns
  • Long-term capital appreciation
  • An investment underpinned by tangible assets with fairly predictable income streams
  • Diversification from a general equity portfolio
  • Active exposure to the South African listed property sector
  • Fund's volatility is similar to a general equity fund
 

The chart below indicates the cumulative returns for the Investec Property Equity Fund over the last five years:

Investec Property Equity Fund 5 year cumulative returns

Portfolio manager: Angelique de Rauville and Vuyani Bekwa
Launch date:  1 June 2004
Sector: Domestic RE General
Size of fund:  R1.9 billion
Benchmark:  FTSE/JSE SA Listed Property Index
Minimum investment:  R10 000 lump sum or R500 monthly debit order

Fees

  1. Initial fund fee - 0% (effective 1 July 2009)
  2. Initial adviser fee - 3% (negotiable)
  3. Annual management fee - 1.25%

Total expense ratio (TER)* - 1.45% (includes VAT)

Income distribution dates
March, June, September and December

Previous income distribution for 6 months to 30 December 2009
A Class: Interest distribution 2.10 cpu

Read more about the Investec Property Equity Fund

To invest in the Investec Property unit trusts, follow the 3 easy steps below:

  1. Download, print and complete the Investec Unit Trust application form:
    Investec Unit Trust application form
  2. Deposit your investment as instructed
  3. Fax the completed application form and supporting documents to 0861 500 100.

For other Investec application and transaction forms click here