Without reserve: Folkestone Maxim A-REIT Securities Fund rating upgraded

By Carolyn Cummins
Updated October 25 2014 - 12:18am, first published October 24 2014 - 11:45pm
Schooling: Folkestone Education Trust investments include the Paradise Kids Children's Centre in Morang.
Schooling: Folkestone Education Trust investments include the Paradise Kids Children's Centre in Morang.
Schooling: Folkestone Education Trust investments include the Paradise Kids Children's Centre in Morang.
Schooling: Folkestone Education Trust investments include the Paradise Kids Children's Centre in Morang.
Schooling: Folkestone Education Trust investments include the Paradise Kids Children's Centre in Morang.
Schooling: Folkestone Education Trust investments include the Paradise Kids Children's Centre in Morang.
Schooling: Folkestone Education Trust investments include the Paradise Kids Children's Centre in Morang.
Schooling: Folkestone Education Trust investments include the Paradise Kids Children's Centre in Morang.

The merger between Winston Sammut's Maxim entity and Greg Paramour's Folkestone Group has proved successful with the joint Folkestone Maxim A-REIT Securities Fund being awarded a "Superior" 4 out of 5 star rating from SQM Research, which is an upgrade from 3.75 stars. According to SQM Research, the rating upgrade was "driven by the skills and experience of the core investment team, led by Mr Sammut and and the hiring of Amy Pham as portfolio manager". Mr Sammut said being a benchmark unaware, high conviction manager of A-REIT securities, it allows the managers to be active and add value in the REIT sector. The fund, which invests in the top tier REITs, including Scentre, GPT Group and Stockland, as well as some of the smaller vehicles, including the associated Folkestone Education Trust, which invests in child care centres South Morang, Vic and Cedar Woods. In the year ended to September 30, 2014, the FolkestoneMaxim A-REIT Securities Fund returned 14.28 per cent, outperforming the S&P/ASX300 A-REIT Index by 200 basis points.

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