AWP: Global Real Estate For The Long Term

Summary

• Home country bias means being exposed to domestic political risk, while also missing out on potential from faster growing markets.
• The Aberdeen Global Premier Properties Fund is a closed end fund that invests globally in both developed and emerging markets.
• AWP is heavily exposed to the US, but also offers diversification into smaller, harder to reach REIT markets.
• AWP has outperformed its benchmark over the past 1, 3, 5, and 10-year periods.
• At its current NAV discount, it's not a deep value play, but it's still cheaper than directly buying a portfolio of global REITs.

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Although the REIT structure was originally a product of the US Tax Code, over 40 countries have enacted REIT legislation creating investment vehicles with similar convenience and tax advantages. A lot of US based investors have significant exposure to US REITs, but

Analyst’s Disclosure:I am/we are long AWP. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.