The PMG Generation Fund has been issued a “4 IP” rating by Research IP, with a score of 3.50/5.
PMG Generation Fund is a robust, diversified commercial property fund holding high quality, newer commercial properties which are located in main metropolitan centres across New Zealand and are home to national and multi-national tenants.
The Fund provides investors with a monthly cash distribution and future features of the Fund will include the ability for investors to reinvest their monthly cash distributions to achieve the benefits of compounding interest and the ability to invest small amounts often.
The intention (subject to regulatory approval) for the Fund is to also invest in other unlisted property funds and listed property vehicles, ultimately providing greater diversification (spread of risk) and providing improved liquidity, i.e. investors will have more flexibility to buy and sell units if desired.
What is the Fund’s competitive advantage?
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Research IP says
“The Fund is a diversified direct property fund that invests into physical properties. By investing in physical assets investors are exposed to the risks of direct physical assets, significantly reduced liquidity, higher leverage, and potentially lower variation to income. Accordingly, the Fund may be suitable for investors seeking exposure to real-estate assets who are prepared to invest for the long-term in low volatility income streams with potential capital growth.“
“The Fund has been established to hold a diversified portfolio of commercial properties. The investment objective of the Fund is to provide investors with strong and sustainable returns, whilst offering more diversification and liquidity.“
“From an asset class perspective, this Fund is considered a satellite to a well-diversified portfolio. The Fund will generally sit within the alternative sector of a balanced portfolio due to the low correlation to listed investments.“
“Research IP highlighted in 2018 an opportunity for the Manager to add to the team and develop succession planning for the Manager. Since then the team has grown significantly, particularly in the Management team, with double the number of people now working across acquisitions, asset management and facilities management.“
“Research IP views the direct property market as a specialist area, where the Manager’s ability to manage the assets becomes critical to investor outcomes. Research IP believe the PMG team have appropriate skills for the type of properties they own and manage. Team resourcing is adequate to deliver strong investor outcomes, in line with the Fund’s stated objectives.“
Research IP, 27 January 2021
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Research IP strongly recommends this document and report be read in conjunction with the relevant Product Disclosure Statement. Research IP gives no warranty of accuracy or completeness of information in this document. Any information, opinions, views or recommendations in this video are general information only and do not take into consideration any person’s particular financial situation or goals and therefore does not constitute personalised financial advice. This document should not be relied upon as a substitute for financial advice from your authorised financial adviser.
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