Income & Growth from REITs & Real Estate Securities*
Income & growth strategy
A dynamic strategy to achieve potential returns and sustainable income*
The Fund invests at least 70% of its portfolio investing in REITs, and has the flexibility to invest up to 30% in non-REIT real estate-related securities to achieve potential stable income* and potential capital appreciation.
MGF - Asia
Pacific REIT
REITs
70%
Non-REITs
30%
REITs
Sources of income from income generating assets
Primary exposure to commercial real estate only
Non-REIT related
Additional exposure to residential real estate via property developers
Property brokers
Property management companies
For illustrative purpose only.
Benefits of REITs investments
Stable income with capital appreciation potential
REITs typically distribute a minimum of 90% of their rental income as dividends to the investors. The dividend yields from Asia-Pacific REITs are potentially higher compared to dividends from equities and 10-year government bond yields.
Yield comparison: REIT, equity and government bonds
Source: Bloomberg as of 31 May 2020
REIT Yield: Australia REITs are represented by AS51PROP Index, Hong Kong REITs are represented by HSREIT Index, Singapore REITs are represented by FSTREI Index Equity Dividend Yield: Australia equities are represented by AS51 Index, Hong Kong equities are represented by HSI Index, Singapore equities are represented by STI Index For illustrative purposes only. Past performance is not an indication of future results.
Asia-Pacific REITs delivered strong performance over the past decade (December 2008 to May 2020), where dividend income contributed significantly to the total return.
Performance of Asia-Pacific REITs
Source: Bloomberg, as of 31 May 2020. Total return, USD, rebased to 100. Asia-Pacific REITs are represented by FTSE EPRA/NAREIT Asia ex-Japan REITs Index and Asia-Pacific Equities are represented by MSCI Asia ex-Japan Index
For illustrative purposes only. Past performance is not an indication of future results.
Diversification benefits
REITs invest in different types of quality properties, allowing investors the opportunity to capture potential growth opportunities from these properties.
Office
Retail
Hotel
Industrial
Healthcare
REITs are professionally managed by property managers
Active tenant-remixing to potentially enhance occupancy and rental rate for retail malls.
Develop long-term development strategies, such as new asset acquisitions and/or portfolio reconsitutions to increase potential returns.
REITs benefit from asset enhancement initiatives†, which can help to further enhance property values and maintain sustainable rental income yields.
†Asset enhancement initiative (AEI) is a strategy used frequently by REIT managers to enhance the functional and aesthetical characteristics of a property, such that it has greater potential to yield more income for the REIT, including through positive rental reversion.
For illustrative purpose only; and does not constitute any investment, legal or accounting advice.
Fund information
Share Class ∆
S Hedged MDIST (G)/
P (SGD Hedged) MDIST (G)
AA (USD) MDIST (G)/
P (USD) MDIST (G)
AA (AUD Hedged) MDIST (G)/
P (AUD Hedged) MDIST (G)
Investment Objective
The Fund aims to provide long-term capital appreciation and income generation primarily through investment in real estate investment trusts (“REITs”) in the Asia-Pacific ex-Japan region.
Base Currency
USD
Class Currency
SGD
USD
AUD
Mode of Subscription
Cash & SRS
Cash
Cash
Launch Price
SGD 1.00 per unit
USD 1.00 per unit
AUD 1.00 per unit
Minimum Investment
S$1,000/S$100,000 (or the equivalent in any other Major Currency)
US$5,000/US$100,000 (or the equivalent in any other Major Currency)
A$5,000/A$100,000 (or the equivalent in any other Major Currency)
Distribution Frequency
Monthly*
Management Fee
P (SGD Hedged) MDIST (G), P (USD) MDIST (G) & P (AUD Hedged) MDIST (G): 1.0% per annum;
S Hedged MDIST (G): 1.25% per annum;
AA (USD) MDIST(G) & AA (AUD Hedged) MDIST (G): 1.5% per annum
The Fund aims to provide long-term capital appreciation and income generation primarily through investment in real estate investment trusts (“REITs”) in the Asia-Pacific ex-Japan region.
Base Currency
USD
Class Currency
SGD
Mode of Subscription
Cash & SRS
Launch Price
SGD 1.00 per unit
Minimum Investment
S$1,000/S$100,000 (or the equivalent in any other Major Currency)
Distribution Frequency
Monthly*
Management Fee
P (SGD Hedged) MDIST (G), P (USD) MDIST (G) & P (AUD Hedged) MDIST (G): 1.0% per annum; S Hedged MDIST (G): 1.25% per annum; AA (USD) MDIST(G) & AA (AUD Hedged) MDIST (G): 1.5% per annum
Initial Sales Charge
Up to 5%
Dealing Frequency
Daily
Investment Manager
Manulife Asset Management (Hong Kong) Limited
Investment Objective
The Fund aims to provide long-term capital appreciation and income generation primarily through investment in real estate investment trusts (“REITs”) in the Asia-Pacific ex-Japan region.
Base Currency
USD
Class Currency
USD
Mode of Subscription
Cash
Launch Price
USD 1.00 per unit
Minimum Investment
US$5,000/US$100,000 (or the equivalent in any other Major Currency)
Distribution Frequency
Monthly*
Management Fee
P (SGD Hedged) MDIST (G), P (USD) MDIST (G) & P (AUD Hedged) MDIST (G): 1.0% per annum; S Hedged MDIST (G): 1.25% per anum; AA (USD) MDIST(G) & AA (AUD Hedged) MDIST (G): 1.5% per annum
Initial Sales Charge
Up to 5%
Dealing Frequency
Daily
Investment Manager
Manulife Asset Management (Hong Kong) Limited
Investment Objective
The Fund aims to provide long-term capital appreciation and income generation primarily through investment in real estate investment trusts (“REITs”) in the Asia-Pacific ex-Japan region.
Base Currency
USD
Class Currency
AUD
Mode of Subscription
Cash
Launch Price
AUD 1.00 per unit
Minimum Investment
A$5,000/A$100,000 (or the equivalent in any other Major Currency)
Distribution Frequency
Monthly*
Management Fee
P (SGD Hedged) MDIST (G), P (USD) MDIST (G) & P (AUD Hedged) MDIST (G): 1.0% per annum; S Hedged MDIST (G): 1.25% per anum; AA (USD) MDIST(G) & AA (AUD Hedged) MDIST (G): 1.5% per annum
Initial Sales Charge
Up to 5%
Dealing Frequency
Daily
Investment Manager
Manulife Asset Management (Hong Kong) Limited
∆ Please refer to the Prospectus for details on other available classes.
Investment advisor biographies
Chan Hock Fai, CFA
Head of Equities, Singapore
Hock Fai heads up the Singapore equity investment team and leads all Singapore based equity strategies. Hock Fai has over 20 years of industry experience and deep knowledge of Singapore’s asset management landscape. Prior to joining Manulife Investment Management, Hock Fai spent ten years with Amundi Asset Management Singapore, covering Singapore, regional (Asia Pacific ex-Japan) and global multi-asset portfolios.
Ng Hui Min, CFA
Director, Portfolio Manager, Equities
Hui Min is Portfolio Manager responsible for Singapore equity, balanced and regional REIT portfolios. Hui Min has over 17 years of investment experience and has managed a range of investment strategies from retail portfolios to balanced institutional mandates. Prior to joining Manulife Investment Management, she spent 8 years with UOB Asset Management covering the real estate sector and was responsible for the Asia Pacific REITs strategy.
Manulife Global Fund (the “Company”) is an open-ended investment company registered in the Grand Duchy of Luxembourg. The Manulife Global Fund - Asia Pacific REIT Fund (the "Fund") is recognised under the Securities and Futures Act of Singapore for retail distribution. The Company has appointed Manulife Investment Management (Singapore) Pte. Ltd. as its Singapore Representative and agent for service of process in Singapore. The information provided herein does not constitute financial advice, an offer or recommendation with respect to the Fund. Opinions, forecasts and estimates on the economy, financial markets or economic trends of the markets mentioned herein are not necessarily indicative of the future or likely performance of the Fund.
Investments in the Fund are not deposits in, guaranteed or insured by the Manager and involve risks. Past performance of the manager or sub-manager is not necessarily indicative of its future performance. The value of units in the Fund and any income accruing to them may fall or rise. Past performance of the Fund is not necessarily indicative of future performance. Investors should read the prospectus, and seek advice from a financial adviser before deciding whether to purchase units in the Fund. A copy of the prospectus and the product highlights sheet can be obtained from Manulife or its distributors. In the event an investor chooses not to seek advice from a financial adviser, he should consider whether the Fund is suitable for him. Any reference herein to “prospectus” means the Singapore prospectus with respect to any recognised fund.
Distributions are not guaranteed. Investors should refer to the Singapore prospectus for the distribution policy of the Fund. The Directors of the Company may, at their discretion, pay dividends out of realized capital gains, capital and/or gross income while charging all or part of their fees and expenses to capital (i.e. payment of fees and expenses out of capital). In either case, dividends paid or effectively paid out of capital amount to a return or withdrawal of part of the amount of an investor’ s original investment or from any capital gains attributable to that original investment. Any distribution involving payment or effective payment of dividends may result in an immediate decrease in the Net Asset Value per share of the Fund. Past distribution yields and payments are not necessarily indicative of future distribution yields and payments.
All advertisments or publications provided on this website have not been reviewed by the Monetary Authority of Singapore.