The fund was launched in August 2018 to invest in listed securities that derive their value from underlying real assets and targets CPI +4% over a full investment cycle. Investments can be via REITs, investment trusts or specialist companies with a focus on physical assets.
 

The fund:
  • Offers attractive yields from long-term cashflows with significant inflation protection

  • Is managed by a team with proven experience in this area

  • Benefits from diversification and lower volatility than traditional equity portfolios

Introducing Sanlam Real Assets Fund

December 2019 - Latest commentary

 

Transparency - The year ends with a little more clarity for the UK as Boris Johnson wins a large majority in the UK general election. The Conservative government has been given a clear mandate by the voting public to get Brexit done. The risk of nationalisation that has hung over the UK market has melted away by the rejection of a Corbyn led Labour government in the general election. Both of these factors had a positive impact on market sentiment over the month.

Globally, the US/China trade negotiations appear to have made progress with the news that a 'Phase One' trade deal is on the cusp of being agreed in January. Despite the news of president Trump’s impeachment, the easing trade tensions provided a positive backdrop for equity markets in December and the MSCI World and S&P indices both ended the month up 3%.

During December the fund saw positive contributions from infrastructure, property, renewables and other alternatives. Performance was supported by companies' investment activity across all of the real asset types. Acquisitions in December included a leading fibre network operator in the US, a large Indian telecom tower portfolio, a German offshore wind farm, an anaerobic digestion plant, UK residential property and acquisitions of multiple music catalogues.

Activity - We participated in one capital raise in December, the proceeds of which were deployed immediately into a portfolio of energy efficiency assets in the US.

Previous months’ commentaries are contained within the fund factsheets.

Fund factsheets
Monthly snapshot.
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Fund supplements
Regulatory documents.
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Fund KIIDs
Key investor information.
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Quarterly newsletters
Fund and market updates.
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Fund disclaimer

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.

The Fund has holdings which are denominated in currencies other than sterling and may be affected by movements in exchange rates. Consequently the value of an investment may rise or fall in line with the exchange rates.

The Fund may invest in derivatives for the purposes of efficient portfolio management and hedging only . There is a risk that losses could be made on derivative positions or that the counterparties could fail to complete on transactions. The Fund's expenses are charged to capital. This has the effect of increasing dividends while constraining capital appreciation. 

Part of the fund may invest in fixed income securities. The government or company issuer of a bond might not be able to repay either the interest or the original loan amount and therefore default on the debt. This would affect the credit rating of the bond and, in turn, the value of the fund. Investment in bonds and other debt instruments (including related derivatives) is subject to interest rate risk. If long-term interest rates rise, the value of your shares is likely to fall.

Please agree to proceed. By doing so you agree that you have read and understood the foregoing disclaimer and confirm that you are a professional investor.

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The value of investments and any income from them can fall and you may get back less than you invested.