About this fund

The BT Wholesale Property Securities Fund invests primarily in Australian listed property-related investments including listed property trusts, developers and infrastructure investments, both directly and indirectly. In addition, up to 15% of the Fund can be invested in international listed property-related investments and around 5% of the Fund will generally be invested in unlisted property investments.

What is this fund's investment objective?

The Fund aims to provide a return (before fees, costs and taxes) that exceeds the S&P/ASX 300 Property Trust Accumulation Index over the medium to long term.

What is this fund's investment style and philosophy?

BTIM's property securities investment style is active, bottom up and valuation driven with stock selection driven by absolute valuations.

BTIM's investment philosophy is based on the beliefs that:

• Market inefficiencies provide opportunities for well researched and disciplined investors to identify and purchase securities, that are mispriced to their fundamental value;

• Quality companies will outperform over time. BTIM's Listed Property Team place a high emphasis on quality scores to identify the best business franchises; and

• Active investment management will outperform passive alternatives over a full market cycle

Meet the investment team and portfolio manager

BTIM's Head of Property Securities, Peter Davidson has over 20 years industry experience and is supported by a team of two portfolio managers/analysts and a specialist LPT dealer. The team also draws on the resources of BTIM's other specialist teams: Macro Strategies, Income Strategies and Equity Strategies. Peter joined Westpac Investment management in 1994, which later became a part of BT Financial Group. During his time with the group, Peter held senior analytical responsibility for the property, retail, insurance and infrastructure sectors. Peter is currently responsible for the portfolio management of BTIM's range of listed property securities portfolios.

Peter has direct property experience; he represented BT Financial Group for five years as a non-executive director of a large direct property fund, the Industry Superannuation Property Trust.

Awards won by this fund

• BT Investment Management was awarded the 2008 Money Management / Lonsec Fund Manager of the Year Award for the Property Securities (Australia) category.

More information

• Morningstar's fund profile
• Download the PDS
• Download the monthly fact sheet
• Download the quarterly fact sheet
• See how this fund has performed over time
• View other BT funds

Important Information

BT Investment Management (RE) Limited ABN 17 126 390 627, AFSL 316 455, is the responsible entity and issuer of units in the BT Wholesale Property Securities Fund. A product disclosure statement (PDS) is available for the Fund and can be obtained by contacting your business development representative on 1800 813 886 or visiting www.btim.com.au. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of units in the Fund. This information has been prepared without taking account of your objectives, financial situation or needs. Before acting on this information, consider its appropriateness, having regard to your objectives, financial situation and needs. An investment in the Fund is not a deposit with or any other liability of the Westpac Banking Corporation (ABN 33 007 457 141) or any other Company in the Westpac Group of companies. Past performance is not a reliable indicator of future performance. BT Investment Management (RE) Limited is a member of the Westpac Group. Neither BT Investment Management (RE) Limited, nor any other company in the Westpac Group, guarantees the repayment of capital or the performance of the product or any particular rate of return. BT® is a registered trade mark of BT Financial Group Pty Ltd and is used under licence.