CFS adds Quay Global fund to platform menu

Yasmine Raso

Senior Journalist, Financial Newswire

11 January 2023

Boutique investment manager, Quay Global Investors, announced its Real Estate Fund (Unhedged) has been made available on the Colonial First State (CFS) FirstChoice platform.

Investing in a portfolio of real estate securities listed on global exchanges, the fund will be accessible across CFS’ Wholesale, Super and Pension options and provides a concentrated and conviction-based approach to real estate investing.

Jonas Daly, Head of Distribution at partnering firm Bennelong Funds Management, said Quay Global Investors was pleased to collaborate with the CFS FirstChoice team to allow Australian advisers and investors to gain access to global listed property assets.

“Following the recent sell-off in broader equity markets, there is now an opportunity for investors to consider buying listed property assets at attractive prices,” he said.

“Quay’s differentiators include a strong awareness of credit markets (from the principals’ investment banking background), avoiding property developers, and seeking opportunities to buy quality assets below their ‘replacement cost’.

“With its index unaware approach, the Quay team actively weights the portfolio into the best quality names – rather than having to allocate to large index-weighted names based on their market capitalisation and size.”

This comes after Quay Global Real Estate Fund was awarded the Highly Commended honour in the Global Equities – Real Estate category at Financial Newswire and SQM’s Fund Manager of the Year 2022 awards night. The fund was also rated Highly Recommended by Lonsec, Recommended by Zenith and Outstanding by SQM Research.

Since its inception on 30 July, 2014, the fund has returned 9.61 per cent per annum and has outperformed its benchmark by 3.49 per cent as at 30 November 2022.