Resolution Capital Real Assets Fund transitions to global strategy
Andrew Parsons
Resolution Capital is pleased to announce that the Resolution Capital Real Assets Fund (ARSN 131 850 363) has transitioned to a global real assets strategy, effective 1 July 2026.
The Fund will be renamed the Resolution Capital Global Real Assets Fund and will invest across the full global listed real assets opportunity set (Global Listed Real Estate & Global Listed Infrastructure), rather than a portfolio constrained largely to Australia.
The move follows three decades of evolution in the strategy, each step taken ahead of structural shifts in the market.
“The Australian listed infrastructure universe has shrunk to a handful of names since Sydney Airport, AusNet and Spark Infrastructure were taken private. At the same time, Goodman Group now makes up around 40% of the A-REIT index, up from 17% in 2019. This level of concentration has become a real risk-management constraint,” said Resolution Capital Chief Investment Officer, Andrew Parsons.
“By transitioning to a global real assets investment strategy, we can now formalise a shift the portfolio has been making for years and offer investors exposure to global real assets such as data centres, regulated utilities, midstream energy, telecom towers, rental housing and healthcare real estate – sectors the Australian market simply doesn’t offer at scale.”
The Resolution Capital team first invested in Australian listed property in 1995, added selective global exposure in 2005, launched the Resolution Capital Core Plus Property Securities Fund in 2008 which opened the strategy to retail investors, and in 2019 transitioned from the Core Plus fund to the Resolution Capital Real Assets Fund which broadened the mandate to include Australian Listed Infrastructure (up to 50%), and Global Listed Infrastructure (GLI) within the offshore allocation (up to 20%).
Resolution Capital’s Real Assets strategy has been the top-performing strategy in the eVestment database in the Australian Real Estate category since October 2019, with approximately one-third of that outperformance attributable to the infrastructure allocation, both domestic and offshore.
The Resolution Capital Global Real Assets Fund will gain its global exposure through investment into the Resolution Capital Global Property Securities Fund (Managed Fund) (approximately 40%) and the Resolution Capital Global Listed Infrastructure Fund (approximately 60%), both run by specialist teams within Resolution Capital.
The benchmark will move from the S&P/ASX 300 A-REIT Accumulation Index to a blend of 60% FTSE Developed Core Infrastructure 50/50 (AUD Hedged) Net Index and 40% FTSE EPRA/NAREIT Developed Index (AUD Hedged) Net TRI, reflecting the market capitalisation split between the two asset classes and the historically stronger risk-adjusted returns of listed infrastructure.
The investment team, philosophy and research process are unchanged. The portfolio continues to be managed by the same professionals who have run the strategy through its prior evolutions, applying the same bottom-up, asset-backed approach.
