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AIMS Property Securities Fund (formerly MPSF).

Wednesday, November 16, 2016

A conversation with a reader led to a discussion about an old dusty investment which I would not have made knowing what I know today:

Reader:
if you like aims cap reit management so much, then do you like aims property fund?
both are listed in sg
 
Different animal
I have a legacy position
It was MPSF
it is a fund of funds
just that alone made it a mistake




Reader:
coz aims cap reit is steadily dropping but aims property fund is steadily increasing
 
Assi AK
the rights issues (two, iirc) were very cheap and i bot more
a few cents per unit, iirc
those were cheaply bot
quite happy
but it still doesn't change the fact that it is a fund of funds which i would not touch these days

Reader:

i guess you would rather diversify them yourselves than to pay extra management fees

Assi AK
lack of transparency too... many funds they own are not listed
that makes it worse
i got into it based on recommendation by a friend who invested tons in it (including his mother's money)... lost most of it




In case you are wondering, AIMS Property Securities Fund (formerly MacarthurCook Property Securities Fund) is still in my investment portfolio.

I took up the rights units I was entitled to and I also applied for excess rights during the fund raising exercises after crunching some numbers and deciding that the fund would be able to pay decent enough dividends in due course.

Getting in years ago when I did at a much higher price without fully understanding what I was getting myself into was a mistake.

However, participating in the rights issues after doing much more research and deciding that it had become a bargain then has proven to be rewarding.

All investments are good investments at the right price.


For more information on the fund:
http://www.macarthurcook.com.au/mck/en/Investments_Funds/Investment.aspx?id=2
"Units on issue in the Fund will be consolidated on a 1 for 10 basis." - 4 July 2016.

Related post:
AIMS AMP Capital Industrial REIT

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