Pennington's Asia Real Estate Investment Fund (REIF) is a non-ETF, managed fund. REIF invests in REITs (Real Estate Investment Trusts) in Japan, Singapore, Taiwan, Thailand, Malaysia, South Korea and Hong Kong (PRC is excluded). The fund holds positions in 60+ REITs at any given time. These REITs own large-scale commercial properties in their respective countries. The fund does not hold real estate directly, providing growth through long and short positions in the REITs, as well as predictable income from rents from the underlying real estate (quarterly dividends).
REIF invests only in high quality REITs with high occupancy rates and AAA credit tenants. REIF portfolio is highly diversified with 60-80 REITs at any given time, These REIT holdings are spread over a large geographic region and include a diversity of large-scale properties, such as industrial facilities, hospitals, malls and high-rise office buildings.
Base Currency: EUR, USD, or GBP
Pennington protects your investment, and the fund portfolio, by conducting our business in low-tax jurisdictions including Hong Kong, Singapore, and Labuan. Additionally, all of our funds are inherently protected by built-in currency hedging since the underlying assets are in a diverse mixture of currencies, which protects our investors from idiosyncratic exchange rate shifts, regardless of the base currency chosen.