This asset class is down 25% in 12 months. Here's two opportunities the experts are buying at bargain prices

"It's really creating a simple access point for investors," Campbell-Wood explained. 

"When investors are going through mutual funds or pooled funds, you've got the paperwork, it can be a little bit cumbersome. So it's really just providing an efficient and convenient access point to the strategy." 

As investors can access the strategy through their regular broker, they can also trade in smaller amounts than the minimum investment required to invest in the managed fund - which in this case, is $25,000. 

"It's simply about convenience for our clients," Campbell-Wood said. 

So, in an environment where REITs, like other listed asset classes, have suffered in recent times, how does the Global Property Securities Fund compare? 

Well, according to Campbell-Wood, RCAP provides exposure to a really high-quality portfolio of global real estate, helping investors diversify their portfolios away from the typical Australian bias.  

"You get the attractive features of real estate, which can be a real income profile over time, so those inflation hedging characteristics, which is good, and also a total return profile, which is underpinned by an acceptable dividend yield around 4%," he said. 

"So it's providing that return profile, inflation protection, but also effective diversification for clients." 

Over the past 15 years, the strategy has been focused on a concentrated portfolio of typically 45 high-quality global REITs. 

"What we did differently at the start was really focused on property sectors [rather than regions]. So when you look at what property markets have been doing, in terms of the return profiles, a lot of the big themes are global," Campbell-Wood said.  

"Whether it's digitisation - all of us using online platforms, data, etc - or the impact of eCommerce in terms of retail and logistics, or ageing demographics, there are big themes driving real estate markets." 

Another key difference is the strategy's "multi-portfolio manager approach". 

"There are four PMs, of which I'm one, and we each manage a quarter of the AUM and consolidate those portfolios for the ultimate client portfolio," Campbell-Wood explained. 

This results in two key benefits, he added. 

"Firstly, you remove some of that key man risk - you've seen some issues in the Australian market with key man risk for fund managers. Because we have four people managing the AUM, that creates that consistency of approach," he said. 

"Over the last 15 years, we've had a couple of PMs who've moved on for various reasons, but there's been no change in the way the portfolio has been managed. And that consistency, I think, benefits investors in terms of the long-term returns of the strategy." 

ResCap's outlook on listed property