07 December 2012
The Cromwell Phoenix Property Securities Fund (PSF) continues to be recognised as one of the top-performing funds in Australia after taking out the Money magazine “Best of the Best award” in the Property Securities Fund category.
The award is the second honour for the Fund this year, its success having earned Cromwell & Phoenix Portfolios the title of 2012 Money Management/Lonsec Fund Manager of the Year for Australian property securities.
Cromwell National Head of Sales, Michael Blake said the award from Money magazine reflected the Cromwell and Phoenix Portfolios teams’ experience and consistency and the strong performance of the Fund.
“For a Fund to win both of the key awards in the industry in the same year is a huge endorsement and puts the excellence of the PSF’s management team beyond doubt,” Mr Blake said.
“This Fund has established itself as the leading property securities fund in Australia and should be considered by any investor seeking a diversified exposure to property securities.”
To select its Best of the Best, Money magazine works with research partners including Morningstar, Standard & Poor's and Zenith Investment Partners.
Now in its 11th year, the annual Best of the Best awards is a leading independent guide to Australia's best financial products and services.
The Cromwell Phoenix Property Securities Fund gives investors exposure to a diversified portfolio of predominantly ASX-listed property securities selected by its investment manager Phoenix Portfolios Pty Ltd.
The PSF returned 33.7% for the 12 months to November 2012, and has an annualised return of 20.1% over three years.*
Phoenix Portfolios investment philosophy is that over the medium to long term, superior investment performance can be achieved by investing in attractively priced securities as determined by fundamental, bottom up analysis. This analysis culminates in a forecast of future cash flows discounted back into today’s dollars, ensuring a consistent valuation methodology between individual securities.
When combined with one of the most experienced investment managers in the business – Stuart Cartledge of Phoenix Portfolios – this has resulted in a very attractive investment product.
ASX-listed Cromwell Property Group owns an Australian commercial property portfolio valued in excess of $1.7 billion and has an active property and funds management business. Cromwell is committed to building investor wealth through outstanding performance.
For more information, please contact Cromwell Investor Services on 1300 CROMWELL (1300 276 693), or alternatively email firstname.lastname@example.org
* Past performance is not an indication of future performance and is subject to the risks and assumptions set out in the PDS. For up to date performance information visit www.cromwell.com.au/phoenix
Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333 214 (“CFM”) is the responsible entity of, and the issuer of units in, the Fund. The Fund’s product disclosure statement dated 1 November 2012 (“PDS”) is issued by CFM and is available from www.cromwell.com.au or by calling Cromwell Investor Services on 1300 276 693. Before making an investment decision it is important that you consider the PDS.
This information has been prepared without taking into account an investor's objectives, financial situation or needs. Therefore, in deciding whether to acquire or continue to hold an investment in the Fund, an investor should consider the PDS and assess, with or without your financial or taxation adviser, whether the product fits your objectives, financial situation or needs.
Before you invest, please familiarise yourself with the risks
Any investment is subject to risk, including an investment in this Fund. Capital growth, distributions and tax consequences cannot be guaranteed. An investment in the Fund is subject to risk and if a particular risk eventuates it may result in reduced distributions and/or a loss of some or all of the capital value of your investment. Examples of key risks include: manager risk, market risk, security specific rish and liquidity risk. See section 4 of the PDS.