Liontrust GF Asia Income Fund

August 2020 portfolio changes

  • Bought – Mindspace Business Parks REIT. This real estate investment trust owns one of India’s largest Grade A office portfolios. It has a high-quality tenant base with multinational companies contributing 85% of rentals. Current rents are around 20% lower than the market level, so there is potential for positive rental reversion. Rental growth is further supported by contracted rent escalations (about 15% every 3 years) and new leases on portfolio projects that are currently under construction. We believe its valuation is attractive at a 15% discount to NAV with an expected dividend yield of more than 7%.

For a comprehensive list of common financial words and terms, see our glossary here.

Key Risks

Past performance is not a guide to future performance. Do remember that the value of an investment and the income generated from them can fall as well as rise and is not guaranteed, therefore, you may not get back the amount originally invested and potentially risk total loss of capital. Investment in Funds managed by the Asia team involves foreign currencies and may be subject to fluctuations in value due to movements in exchange rates. The Fund’s expenses are charged to capital. This has the effect of increasing dividends while constraining capital appreciation. 


The information and opinions provided should not be construed as advice for investment in any product or security mentioned, an offer to buy or sell units/shares of Funds mentioned, or a solicitation to purchase securities in any company or investment product. Always research your own investments and (if you are not a professional or a financial adviser) consult suitability with a regulated financial adviser before investing.

Wednesday, September 16, 2020, 4:35 PM