GSA CORAL STUDENT PORTFOLIO
DECEMBER 2016 MONTHLY PERFORMANCE UPDATE - CLASS E
GSA Coral Student Portfolio delivers targeted returns with an emphasis on risk and liquidity
management. GSA Coral presents a broad range of underlying funds and investment
strategies otherwise only available institutionally. The GSA Coral Student Portfolio is an
EU-Regulated AIFMD approved monthly traded fund domiciled in Luxembourg.
Fund Performance
1.8
1.7
1.6
1.5
SHARE PRICE AS AT
30 NOVEMBER 2016
1.4
1.3
1.2
EUR 1.3896
1.1
Oct 2016
July 2016
Jan 2016
Apr 2016
Oct 2015
Jul 2015
Apr 2015
Jan 2015
Oct 2014
Jul 2014
Apr 2014
Jan 2014
Oct 2013
Jul 2013
Apr 2013
Jan 2013
Oct 2012
Jul 2012
Apr 2012
Jan 2012
Oct 2011
Jul 2011
1.0
The value of fund shares may go down as well as up and past performance is not a guarantee of the future.
GEOGRAPHIC DISTRIBUTION OF INVESTED ASSETS
GBP Class E launched 1st July 2011
Net Yield since launch
38.96%
Last 12 months
6.26%
2016 YTD
5.54%
2016 YTD Annualised
Return
6.05%
5 Years Annualised Return
6.26%
35% United Kingdom
33% Europe
32% Non-Europe
SUMMARY OF CHARGES
Annual management
charge 1.5% p.a.
PORTFOLIO MIX AS AT DATE OF LATEST NAV
19%
18%
11%
9%
9%
7%
7%
6%
GSAF EUR
GSAF USD
Australian SAF
UK Student Advantage Holdings Ltd
CVG Advantage Europe Ltd
Cash and Other Assets
Crosslane
6%
4%
GSAF GBP
London Student Partnership
3%
TSAF
1%
Australian Prop Student Advantage
Charges are fully detailed in the
Private Placement Memorandum, a copy of which can be
obtained upon request from
www.coralportfolio.com
SEDOL
ISIN
St Regent
Fund Facts
NAV as at 30 November 2016
Exposure to Beds
1
£144 million
7,247
Exposure to properties
29
Exposure to underlying investments
10
B3Y81D0
LU0561981480
MANAGERS’ REPORT
The performance of the Fund in November has seen a
Rachel Pengilley, partner in the Knight Frank student
continued positive increase in NAV, principally driven by the
property team, said of 2016 that it “has been an exceptional
returns from income producing assets and the Fund’s
year for UK purpose built student accommodation. As our
investment in Dublin, which is progressing very positively. As
sector continues to mature, and becomes increasingly
we move into 2017 the developments at Mill Street and
recognised for its resilience in uncertain times, we
Gardiner Street continue to progress apace as we prepare to
anticipate continued appetite from global capital next year”.
open the doors to students in the next academic year.
Knight Frank forecast that in 2017 rental growth, strong
The Dublin market has continued to see a growing need for
demand from students and a healthy development pipeline
accommodation,
from
are set to be the defining factors in the sector’s success,
investors seeking exposure to the sector there. This is driving
concluding that “we expect to see capital from all four
real benefit for GSA Coral investors as early entrants to the
corners of the globe looking to invest in UK and wider
market.
European student accommodation”.
This trend has also continued to be seen in the UK. 2015
GSA Coral remains very well poised to take advantage of the
saw a record level of transactions, with deals totalling
opportunities that this will offer in 2017, as well as expanding
in-excess of £6.5 billion. Whilst 2016 has been slightly lower, it
in to other new markets globally. We look forward to
is still expected that the year will close with just over £4.0
bringing you confirmation of the full 2016 year-end results
billion of transactions (with GSA Coral participating in the
in January, and in the meantime wish all investors a very
largest transaction of the year).
happy seasonal break.
along
with
increased
demand
The sector has grown by 37% since 2014, and is now firmly
established as a mainstream asset class. This continues to be
driven by institutional investors seeking scale in a sector that
delivers consistent and reliable medium-to-long-term returns.
On the ground we are seeing a strong end to the year with
very competitive bidding on some large portfolios in recent
weeks.
Increasing student numbers continues to underpin investor
Artist’s image of Broadstone exterior
appetite. The central admissions body for UK universities,
UCAS, announced last week that a new record had been set
for 2016 acceptances at the nation’s universities. 535,200 new
students
joined
the
role-calls
of
higher
education
establishments across the United Kingdom in 2016, the fourth
year running that a record had been set. This remains a good
indication that the UK higher education sector continues to
increase in popularity with young people making their future
educational choices.
Artist’s image of refurbished room
CONTACTS AND ENQUIRIES
Support Services:
Tony Trescothick
[email protected]
+352 1175 2088
+44 203 514 3646
Join us on Twitter and LinkedIn
www.coralportfolio.com
2016 © Coral
2e20161221-student~factsheet
Coral Student Portfolio is a compartment of Coral Portfolio S.C.A. SICAV-SIF which is incorporated under the laws of Luxembourg and regulated by Luxembourg authorities, Commission de Surveillance du Secteur Financier (CSSF) as a
multi-compartment Specialist Investor Fund and is approved under AIFMD. This information is issued for information purposes only to financial institutions and professional intermediaries and is not intended for publication, reproduction
or circulation to the general public. This is not a promotional document but full product particulars are available from the Administrator. Past performance is not a guide to future returns and no responsibility is accepted for any errors or
omissions. Some data may be the most recent that is available at time of publication and indicative and properties portrayed may not be included in the current portfolio.
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