Kensington Investment Group Expands Its Real Estate-Focused Product Line
With the Addition of a Global Approach to the Growing Marketplace of Real
Estate Equities
ORINDA, Calif., Jan. 9 /PRNewswire-FirstCall/ -- Kensington Investment
Group, Inc. ("Kensington") announces the addition of the Kensington Global
Real Estate Fund (KGFAX) to its family of funds.
Designed for investors seeking to diversify their domestic real estate
and broad international stock positions, the Kensington Global Real Estate
Fund seeks total return through capital appreciation and current income,
with a primary focus on blue chip equities of real estate companies based
in North America, Asia Pacific and Europe. The fund is benchmarked against
the FTSE EPRA/NAREIT Global Real Estate Index, which is designed to track
the performance of real estate companies and REITs worldwide. At least 40%
of the fund's portfolio will be invested in real estate companies outside
of the U.S., under normal market conditions.
Complementing Kensington's international-only and domestic-only real
estate funds, the Kensington Global Real Estate Fund effectively shifts
geographic diversification strategy from the financial advisor to the
portfolio manager. The fund provides a comprehensive approach, suited for
financial advisors and their clients who prefer to utilize a specialized
manager to actively navigate this diverse, rapidly transforming global
marketplace.
Historically, both U.S. and international real estate equities have
provided attractive risk-adjusted returns, low correlation to other asset
classes and relatively high, stable income. Once only available to large
institutional investors, investments in property markets outside of the
U.S. have only recently emerged as viable investments for the individual
investor, as the expansion of REIT-like structures throughout Europe and
Asia has fueled significant real estate equity market growth. The
international real estate stock market currently represents approximately
half of the $899 million global market capitalization, as measured by the
FTSE EPRA/NAREIT Global Real Estate Index.
"Gaining exposure to high quality commercial space in locations such as
Hong Kong, London, Australia and Japan is a meaningful way to participate
in globalization," said John Kramer, President and Co-Chief Investment
Officer of Kensington Investment Group, Inc. "Adding an international
component combines the long-established portfolio benefits of real estate
with the appeal of international investing. More than ever before,
investors are seeking ways to tap into growth spurred by expanding
economies outside of the U.S., and diversification through non-dollar
denominated investments."
As an investment management firm dedicated to the real estate asset
class, Kensington pairs its bottom-up research process, incorporating
quantitative and qualitative analyses of companies' cash flow, assets and
management, with a top-down approach to country allocation.
"We are looking around the globe for the best assets, managed by the
best management teams with demonstrated skill at building shareholder
value," noted Portfolio Manager and Co-Chief Investment Officer, Paul Gray.
"We seek to capitalize on disparate business cycles within the fund's
sizeable investment universe by targeting companies with property
portfolios in markets with healthy supply-demand characteristics and areas
supported by economic growth."
Managed by Paul Gray and Joel Beam, the Kensington Global Real Estate
Fund is available through financial advisors in A, B, C and Y shares. It
joins Kensington's existing mutual fund offerings, including the
International Real Estate Fund (KIRAX); the domestic, blue chip-focused
Real Estate Securities Fund (KREAX); the core-plus Strategic Realty Fund
(KSRAX); and income-driven Select Income Fund (KIFAX). All of Kensington's
mutual fund investment strategies are also available to institutional
investors via separately managed accounts.
Kensington Investment Group, Inc. is a registered investment adviser
specializing in global real estate securities portfolio management. Founded
in 1993 by principals who have been active in real estate securities
research, investment, and trading since the mid-1980s, Kensington provides
discretionary investment management services on behalf of institutional and
individual investors.
For more information regarding the Kensington Funds, please contact
your investment professional or visit http://www.kig.com.
The fund's investment objectives, risks, charges and expenses must be
considered carefully before investing. The prospectus contains this and
other important information about the investment company, and it may be
obtained by calling 1-800-253-2949, or visiting http://www.kig.com. Read it
carefully before investing.
Mutual fund investing involves risk. Principal loss is possible. There
are risks involved in investing in a non-diversified fund concentrating in
real estate securities, such as declines in the value of real estate and
increased susceptibility to adverse economic or regulatory developments.
Investments in foreign securities involve additional risks such as greater
volatility and political, economic and currency risks and differences in
accounting methods.
The FTSE EPRA/NAREIT Global Real Estate Index is designed to track the
performance of listed real estate companies and REITs worldwide. The index
acts as a performance measure of the overall market.
Kensington Investment Group, Inc. is the investment adviser to the
Kensington Funds. The Kensington Funds are distributed by Quasar
Distributors, LLC.
SOURCE Kensington Investment Group
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Related links:
http://www.kig.com/
CONTACT:
Chantel Garrett, Capital Markets Group of
Kensington Investment Group, 800-253-2949, or info@kig.com
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