Asset Management

The Real Estate Securities investment strategy seeks to generate long-term total returns that outpace those of its benchmark, the FTSE NAREIT All Equity REITs Index.

The portfolio management team typically invests in the securities of companies that are principally engaged in or related to the real estate industry, including equity real estate investment trusts (REITs), mortgage REITs, real estate brokers and developers, home builders and other companies with significant real estate assets. The team believes that investing in undervalued securities and property types can generate returns that outperform its index over time.

The portfolio management team often takes a contrarian approach, seeking to invest in securities that are deemed to be temporarily out-of-favor by the market. A top-down asset allocation framework helps to identify those property types and regional areas that offer the best relative value. Individual security selection is determined through a detailed bottom-up company analysis. The strategy usually holds securities with lower price-to-net asset value and price-to-cash flow multiples versus the benchmark in seeking to achieve a portfolio with a higher dividend yield.

Related Professionals

David Copp

David Copp 

Managing Director,
Equity Investments

Brendan Lee

Brendan Lee

Director,
Equity Investments

C49887