Folkestone Maxim Asset Management is pleased to announce that the Folkestone Maxim A-REIT Securities Fund has been awarded a ‘Superior’ 4 out of 5 star rating from SQM Research which is an upgrade from 3.75 stars.
SQM Research’s rationale for the upgrade was:
“The ratings upgrade has been driven by the skills and experience of the core investment team which is led by Mr Winston Sammut. Moreover, the addition of Ms Pham is viewed favourably.
As a result in the change of ownership of the Investment Manager, the investment team members are also able to capitalise on the resources across the broader Folkestone Group. Furthermore, the Fund’s performance over the recent periods has been strong, with the Fund outperforming its benchmark and the broader peer group over the year to 30th June 2014 as well as on an since inception basis.”
Mr Winston Sammut, Managing Director of Maxim Asset Management said “we are delighted to have received an upgrade in rating from SQM Research to 4 Stars. We are a benchmark unaware, high conviction manager of A-REIT securities and it is great that SQM Research have recognised that active management in the A-REIT securities sector can add value.”
Mr Sammut said “SQM Research has recognised the benefit of the acquisition of Maxim Asset Management by Folkestone in April 2014. Folkestone is an ASX listed real estate funds manager and developer and is active across the office, retail, residential and real estate social infrastructure sectors – childcare, healthcare and government assets. We can tap into Folkestone’s extensive knowledge of the real estate market which is critical in our top-down analysis of the A-REIT sector.”
In the year ended 30 September 2014, the Folkestone Maxim A-REIT Securities Fund returned +14.28 per cent (on an After Fee but Before Tax basis) outperforming the S&P/ASX300 A-REIT Index return of +12.28 per cent by 200 basis points.
Please do not hesitate to contact me if you have any questions in relation to the Fund or the SQM Rating.
About Folkestone Maxim Asset Management
Folkestone Maxim Asset Management is a boutique investment manager, specialising in A-REIT securities and real estate debt. It was founded in 2003 and acquired by Folkestone in 2014.
Folkestone (ASX:FLK) is an ASX listed real estate funds manager and developer providing real estate wealth solutions. Folkestone’s funds management platform, with $813 million under management, offers listed and unlisted real estate funds to private clients and select institutional investors, while its on balance sheet activities focus on value-add and opportunistic (development) real estate investments www.folkestone.com.au
The SQM rating contained in this document is issued by SQM Research Pty Ltd ABN 93 122 592 036. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the PDS and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from Folkestone Maxim for the research and rating of the Fund.