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SQM Research Ratings Update - Monday  23rd June 2014
Property Valuations
Research Reports
Discounted/Distressed Properties
Funds Research
Ratings Table

To see the entire table of SQM Research's fund ratings, click HERE

(Please note: In order to view individual ratings reports you must be subscribed to SQM Research Ratings research. To subscribe, click HERE)

 
SQM Research Media Release
 
 Monday, 23rd June 2014

 
 
 SQM Research releases ratings on four Global Property Securities funds and four Infrastructure Securities funds as part of its annual sector review
 
 
As part of its annual global infrastructure and property securities review, SQM Research has today released the individual ratings on four Global Property funds and four Infrastructure Securities funds.
 
All funds participating in the review were previously rated by SQM Research. As the table below demonstrates, two Funds were upgraded, one was downgraded (in April 2014) while the remaining five funds were unchanged from the last review.
 
SQM Research has advised over the course of the year that the caution placed on global property and infrastructure funds due to the rise in US Treasury yields, has been widely noted. Investors should remember that active global infrastructure and REIT managers can reposition their portfolios to benefit from current market conditions. In such an environment, investors are advised to invest in managers with strong active management, or those who have demonstrated a consistent ability to outperform across different market cycles.
 
Managing Director of SQM Research, Louis Christopher says, “Despite a more challenging market [compared to 2012/13] the majority of SQM’s rated managers beat their respective indexes and importantly, most beat their unrated peers. This is the 7th consecutive year where our rated managers have beat their peers and demonstrates that an SQM Research rating is an effective tool for advisers if they wish to generate outperformance.”
 
In the upcoming weeks, SQM Research also expects to release its report on the RARE Emerging Markets Fund and the APN Asian REIT Fund. In addition to this, SQM Research will be rating two new NAB Invest Global Infrastructure and Property funds which it expects to release next month.


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About SQM Research
 
SQM Research Pty Ltd is an independent property advisory, ratings and forecasting research house which specialises in providing accurate property related advice, research and data to financial institutions, property developers and real estate investors.
 
For more information please visit
www.sqmratings.com.au

To read each of these rating reports in their entirety, please subscribe or log in to SQM's Ratings Research HERE.
 
Research Methodology

In general, the assessment approach adopted by SQM Research incorporates a combination of qualitative and quantitative research techniques to assess property investment products,
 
Information generated is passed through the SQM Research assessment model at the completion of the assessment process. The assessment model generates a product score, which correlates to a specific star rating (out of a maximum of five stars). Each star rating covers a scoring range, allowing products to be ranked within quarter star increments.
 
Following are descriptions for each of the star ratings, which have been developed as a guide for dealer group research teams and investment committees:
4.5 stars and above – Outstanding. Highly suitable for inclusion on APLs.
4 stars to 4.25 stars – Superior. Suitable for inclusion on most APLs.
3.75 stars – Good. Consider for APL inclusion.
3.5 stars – Average. Consider for APL inclusion, subject to advice restrictions.
3.25 stars – Caution required. Not suitable for most APLs.
3 stars – Strong caution required. Not suitable for most APLs.
Below 3 stars – Avoid or redeem. Not suitable for APL inclusion.
Hold – The rating is currently suspended until SQM Research receives further information. A rating is typically put on hold for a period of 2 days to 4 weeks.
Withdrawn – The rating is no longer applicable. Significant issues have arisen, and investors should avoid or redeem units in the fund.
Copyright © 2014 SQM Research, All rights reserved.

Our mailing address is: GPO Box 3611, Sydney, NSW 2001, Australia


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