First State Investments manages two property securities funds; First State Asian Property Securities Fund and First State Global Property Securities Fund.
Why Property Securities?
• Accessibility: Investing in property securities is a cost effective way to gain access to property. While investors in direct property often face significant transaction costs, such as legal valuations and accounting.
• Liquidity and transparency: A listed property portfolio invests in shares of property companies that trade daily, this means investors in a listed property portfolio have the benefit of transparent valuations, as well as the ability to sell their holding quickly.
• Diversification: Property securities enable investors to buy in and out of local markets quickly. Due to the breadth and depth of securities available, investors can gain exposure to a truly diversified portfolio of property markets and assets across the world. In addition, investors can gain exposure to a deep pool of management expertise.
 First State Global Property Securities Fund
First State Asian Property Securities Fund
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| General Risks The value of investments and any income from them may go down as well as up. Investors may get back less than the original amount invested. Where shown, past performance information is not a guide to future performance. If you are in any doubt as to the suitability of any of our funds for your investment needs, please seek independent financial advice.
The following specific risks apply to the First State Global Property Securities Fund and the First State Asian Property Securities Fund
The Fund might also experience the following risks:
- Property securities risk: the Fund invests in the shares of companies that are involved in property (like real estate investment trusts) rather than property itself. The value of these investments may fluctuate more than actual property.
- Single sector risk: investing in a single sector may be riskier than investing in a number of different sectors.
- Currency risk: movements in currency exchange rates could negatively affect the value of your investment. For further information on risks, please refer to the Risk Factors section in the Company's prospectus.
- Emerging market risk: emerging markets may be subject to less developed banking practices, and may not provide the same level of investor protection as a developed market. Funds investing in emerging markets may involve a higher risk than those investing in developed markets.
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