About Macquarie

Select a country:
Australia	Indonesia	South Africa
Austria	Ireland	Sweden
Brazil	Japan	Switzerland
Canada	Korea	Taiwan
China	Malaysia	Thailand
France	Netherlands	United Arab Emirates
Germany	New Zealand	United Kingdom
Hong Kong	Philippines	United States
India	Singapore

Home» Advisers» Products & platforms» Investments» Property» Listed» European Investors Global Property Fund

Products & platforms

EII Global Property Fund

Macquarie Professional Series

Overview
Features
About EII
Research
How to invest

Overview

The EII Global Property Fund holds a portfolio of approximately 40 to 60 listed global real estate securities.

The EII Global Property Fund offers:

exposure to an experienced investment team managing US property security portfolios since 1987 and global property security portfolios since 2001
detailed bottom-up security analysis focused on seeking hidden value through understanding of the property security manager
a low turnover, buy and hold approach.

The unique investment strategy of the EII Global Property Fund may suit investors looking for long term growth, seeking to invest for at least three to five years. The minimum application for the EII Global Property Fund is $20,000.

Tools

PDS

Fund review

Quarterly distribution

Fact sheet

PDS update letter (16 August 2010)

PDS update letter (16 February 2012)

Features

Fund name	EII Global Property Fund
Investment manager	European Investors Inc, New York
Investment objective	To seek long-term capital appreciation, measured in Australian Dollars, and the potential for income through an exposure to securities of companies and trusts in the global real estate market.
Investment approach	The manager makes asset allocation decisions based on both: factors specific to each individual security (known as ‘bottom-up security selection’) economic, geographic, real estate fundamental/sector factors (known as ‘top-down asset allocation’) Although both facets of the manager’s approach are important, it is the ‘bottom-up’ stock selection process that drives the investment strategy.
Asset allocation	Global property securities: 90% to 100% Cash: 0% to 10%
Minimum investment	$20,000
Distributions	Paid quarterly as at 31 March, 30 June, 30 September and 31 December. If any
Applications	Daily
Withdrawals	Daily
Entry fee	Nil
Exit fee	Nil
Inception date	29 March 2006
Benchmark	FTSE EPRA/NAREIT Developed Hedged in AUD
Number of stocks	Generally 40-60
Buy/sell spread	+0.45% / -0.45%
Management fee	1.08%

About EII

European Investors Incorporated (EII) is a specialist property manager with $US8 billion as at 29 February 2012, in property assets under management. Most of this is in global property securities and with a proportion in US direct real estate. EII has more than 25 years of investment management experience across a variety of asset classes and has been managing property investments since 1987.

EII's investment approach involves making asset-allocation decisions based on:

economic, geographic, real estate fundamental / sector factors (known as 'top down asset allocation')
factors specific to each individual security (known as 'bottom-up security selection').

Although both facets of EII's approach are important, it is the 'bottom up' security selection process that will primarily drive the investment strategy for the fund.

In assessing the merits of potential investments, EII places a high priority on the quality of management, as measured by historical track record, the depth of the team, its vision for the company and competitive advantages. EII is focused on both current yield and potential for price appreciation when evaluating investments. There is an emphasis on seeking to discover overlooked value.

EII will identify those regions and market sectors which it believes will exhibit superior future growth in real estate values relative to other regions or market sectors. Considerations include economic and real estate cycles, supply/demand imbalances, discounts to net asset value and significant market developments.

Research

Researcher	Rating
Lonsec	Recommended ^∼
Zenith	Investment grade°

How to invest

Apply now

To invest in the EII Global Property Fund:

Download and read the EII Global Property Fund Product Disclosure Statement (PDS)
Complete the EII application form which is in the back of the PDS
Ensure you complete any additional identification requirements
Send your completed application form and the additional required paperwork to:

Macquarie
GPO Box 2912
Brisbane QLD 4001

Or fax to 1800 219 334

Enquiries

If you have any questions regarding the application process please contact us on:

Financial advisers
Phone 1800 214 616

Or click here to be contacted by a Macquarie Business Development Manager.

Institutional investors
Phone 02 8232 7017

Master trusts and wrap operators
Phone 1800 214 616

Prospective investors
Call your financial adviser or Macquarie on 1800 214 616

Quick links

What do you need?

Contact us

Call: 1800 214 616

Fax: (02) 8232 9435

Where we provide any advice on this website, it has been prepared without considering your objectives, financial situation or needs. Before acting on any advice on this website, you should consider its appropriateness to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website.

Past performance of any product described on this site is not a reliable indication of future performance.

Other than Macquarie Bank Limited (Australian Credit Licence (ACL) 237502) ABN 46 008 583 542 (MBL), any Macquarie Group entity noted on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). That entity's obligations do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.

^~ Lonsec: The Lonsec Limited (“Lonsec”) ABN 56 061 751 102 ratings (assigned: Arrowstreet Global Equity Fund - February 2010; Arrowstreet Global Equity Fund (Hedged) - February 2010; Arrowstreet Emerging Markets Fund - June 2009; Concord Australian Equity Fund – January 2010; EII Global Property Fund - December 2009; Walter Scott Global Equity Fund - January 2010; Walter Scott Global Equity fund (Hedged) - January 2010; Winton Global Alpha Fund - July 2009) presented in this document are limited to “General Advice” and based solely on consideration of the investment merits of the financial products. They are not a recommendation to purchase, sell or hold the relevant products, and you should seek independent financial advice before investing in these products. The ratings are subject to change without notice and Lonsec assumes no obligation to update these documents following publication. Lonsec receives a fee from the fund manager(s) for rating the products using comprehensive and objective criteria.

° Zenith: Zenith’s ratings are prepared exclusively for clients of Zenith Investment Partners (Zenith). The rating is of a general nature and does not have regard to the particular circumstances or needs of any specific person who may read it. Each client should assess either personally or with the assistance of a licensed financial adviser whether the Zenith rating or advice is appropriate to their situation before making an investment decision. The information contained in the rating is believed to be reliable, but its completeness and accuracy is not guaranteed. Opinions expressed may change without notice. Zenith accepts no liability, whether direct or indirect arising from the use of information contained in the rating. No part of this rating is to be construed as a solicitation to buy or sell any investment. Zenith usually receives a fee for rating the fund manager and product(s) against accepted criteria considered comprehensive and objective.

EII Global Property Fund ARSN 117 792 113 ("the Fund") is offered by Macquarie Investment Management Limited ABN 66 002 867 003 ("MIML"). In deciding whether to acquire or continue to hold an investment, you should consider the Product Disclosure Statement dated 5 December 2008 ("PDS") which is available from us. To acquire the product, you must complete the application form which accompanies the PDS.

This general advice has been prepared by MIML and does not take into account your objectives, financial situation or needs. Before acting on this general advice you should consider whether it is appropriate to your situation. We recommend you obtain financial, legal and taxation advice before making any financial investment decision.

Investments in the Fund are not deposits with or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 ("Macquarie Bank") or of any Macquarie Group company and are subject to investment risk, including possible delays in repayment and loss of income or principal invested. None of Macquarie Bank, MIML nor any other member company of the Macquarie Group guarantees any particular rate of return or the performance of the Fund, nor do they guarantee the repayment of capital from the Fund.

Macquarie Bank, MIML or its associates, officers or employees may have interests in the financial products referred to in this advice by acting in various roles including as investment banker, underwriter or dealer, holder of principal positions, broker, lender or adviser. Macquarie Bank, MIML or its associates may receive fees, brokerage or commissions for acting in those capacities. In addition, Macquarie Bank, MIML or its associates, officers or employees may buy or sell the financial products as principal or agent and as such may effect transactions which are not consistent with any recommendations in this advice.