We see our role as helping savers to acquire a stake in the world economy through properly diversified portfolios. The case for buying property is a long term one. Unlike cash or bonds they do not have a fixed value and their volatility makes them unsuitable for covering short term liabilities. They do however generate a rising income and as such are ideal assets for long term savings, where the main risk is from inflation.
We do not confine ourselves to a particular methodology, but it would be fair to say that we look for value, using such traditional measures as yield, price to book and the discounted value of cash flows. We aim to invest in countries that expand their reach, in the belief that an increasing reach supports the development of the markets. There are exceptions, and we identify them. Property investment in pre release scenarios at massive discount to market value through economies of scale, often presents the opportunity to profit from the intrinsic value of the property, whilst offering back to market at a price below the competitors, hence achieving very fast resale.
