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Premier Miton Pan European Property Share
Premier Pan European Property Share does not invest in 'bricks and mortar' property, but in the shares of property companies across Europe, including the UK. Its target is twofold: to generate income, while also providing an attractive level of growth.
Previously Premier Pan European Property Share
Our opinion
Alex is incredibly knowledgeable about his sector. Being pan European, the fund provides a good level of diversification for investors, as well as a reasonable yield. Premier Pan European Property Share has managed to differentiate itself meaningfully from both its benchmark and its sector and makes a worthy satellite contender for a diversified portfolio.
Company description
Premier Miton Investors was formed in November 2019 following the merger of Premier Asset Management Group plc and Miton Group plc. The combined company manages around £11.2 billion of assets on behalf of a wide range of individual investors and institutions. The two principles areas of focus are outcome-based, multi-asset investment, and single-strategy, active equity investment.
Fund manager
Alex Ross joined Premier in 2005 from Aberdeen Asset Management, where he managed its highly successful Property Share Fund. He has more than fifteen years' experience managing real estate securities and moved to Premier with the specific task of designing and managing this fund.
The key theme of this fund is targeting proactive, hands-on real estate managers.
Alex RossFund manager
Investment process
Premier Pan Eureopan Property Share's universe is the approximately 150 property stocks listed in the UK and Europe, spread across diverse geographic regions and real estate sub-sectors. Companies in the fund’s universe are categorised by a quality ranking. They are assessed on a number of different factors, amongst which are the quality of management, corporate governance, sustainability and rental income defensiveness, and growth potential. Companies that are actively managing their portfolios and improving and enhancing their properties are preferred. Alex will also consider the level of leverage and how a company is financed. Valuation is considered on a relative basis and Alex will take advantage of share price volatility to trade the portfolio.
Risk
Premier Pan Eureopan Property Share fund is totally unconstrained by any benchmark and the manager can take large positions if he sees opportunities. This can add risk to the portfolio, although it is intended to create considerable value through a full market and economomic cycle.
Read more about this fund
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