Strong REITs market boosts ARA Asian


The ARA Asian Asset Income Fund, which focuses on real estate investment trusts (REITs), delivered a robust 32% return between January and August 2012, making it one of the best-performing Asia ex-Japan equity-focused funds during the period. In August, the fund delivered a 3.64% gain.

Stephen Finch, the fund’s portfolio manager, said his long-biased, Singapore-based fund harvested excessively strong dividend opportunities during the period and many of its trading ideas proved spot on in a buoyant REITs environment. Its exposures include Frasers Commercial Trust, a Singapore-listed REIT that manages premium office buildings in Singapore, Australia and Japan.