Fat Prophets Global Property Fund
FPP.AX
Australian Securities Exchange0.92
AUD
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Fat Prophets Global Property Fund
FPP.AX
(Australian Securities Exchange)
Recent
price
0.92
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ratio
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div
yld
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ROIC.AI
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- Fat Prophets Global Property Fund is an Australian-listed managed investment scheme established in 2017 and headquartered in Sydney. The fund focuses on providing investors with exposure to a professionally managed portfolio of diversified global real estate securities, primarily investing in global listed real estate investment trusts (REITs). Its investments include global listed REITs with a deep and liquid market, overweighting Australian REITs at approximately 30% compared to the traditional global benchmark of 6-7%, aiming for total returns through capital appreciation and dividend income. The fund targets holding interests in 70 to 90 real estate securities globally, spanning various high-quality real estate assets managed and developed by notable entities worldwide. The portfolio strategy employs a value-driven investment approach, focusing on securities trading below underlying asset values, with the aim of generating a minimum yield of 5-6% per annum. In the most recent major developments, the Fat Prophets Global Property Fund announced in early 2025 its decision to commence liquidation and winding up of the fund. The responsible entity, One Managed Investment Funds Limited, has substantially completed liquidation of the portfolio and is working with the Australian Securities Exchange (ASX) to finalize the fund’s removal from the official list. This followed opposition by the fund's management to a wind-up proposal initiated by Lanyon Asset Management, which the fund rejected as not aligning with investor interests. The fund has also closed its on-market buyback program as part of the orderly liquidation process. Despite these changes, the fund continues to provide updates to investors regarding distributions and asset realisations during the wind-up phase. The fund operates within the financial investment and property sectors, targeting investors seeking diversified global real estate exposure through listed securities with a medium weight towards domestic Australian property markets. The fund’s portfolio includes property investments from various sectors such as healthcare, residential apartments, and retail, represented by top holdings like Welltower and Essex REITs in the U.S. Fat Prophets Global Property Fund is managed by Fat Prophets Funds Management Pty Ltd and One Managed Investment Funds Limited as the responsible entity. This fund offers a unique Australian perspective on global real estate by combining local sector knowledge with a global investment mandate focused on listed real estate equity securities, including the use of real estate ETFs for related exposure. The fund’s value-based strategy and geographic diversification are key pillars distinguishing its product from other Australian listed property investment options. In summary, Fat Prophets Global Property Fund provides global listed REIT exposure with an Australian emphasis, managed via a value-oriented and actively managed portfolio but is currently in the process of liquidation and delisting as of 2025.