Factsheet: TR Property Ord
Discount: -2.8% Rated Fund 2014-2018. Invests in property companies across Europe
TR Property is the only investment trust listed by the AIC that invests mainly in the shares of property companies rather than physical property. Most of its holdings are in Europe including the UK. It can invest in physical property in the UK, though this will generally not account for more than 20 per cent of the portfolio. Marcus Phayre-Mudge has been lead manager since 2011.
Phayre-Mudge is an experienced stock-picker. The team looks in detail at each company's property assets and the management's long-term record in using capital effectively.
The portfolio is run on a total return basis.
Narrative and ratings content all as of 01 January 2018.See all Money Observer rated funds
|Unibail-Rodamco SE||9.50 %|
|Direct Property||8.48 %|
|LEG Immobilien AG||5.96 %|
|Vonovia SE||5.83 %|
|Land Securities Group PLC||5.50 %|
|Hispania Activos Inmobiliarios SA||3.10 %|
|Great Portland Estates PLC||2.89 %|
|BUWOG AG||2.83 %|
|Segro PLC||2.41 %|
|United Kingdom||31.01 %|
|Europe - ex Euro||13.28 %|
|Real Estate||98.66 %|
Marcus Phayre-Mudge joined Henderson Global Investors in 1997 as deputy fund manager of TR Property Investment Trust PLC. His role has now expanded into managing real estate equity funds for UK, European and US clients, and the offshore Horizon Pan European Property Equities Fund. Prior to joining Henderson, Marcus spent 6 years in the fund management division of Knight Frank. He is a qualified MRICS and is FSA registered.
Data provided by Morningstar.
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