Russell Bullen

Provides property and mortgage investment management services

Functions as a College/University

Operates as a contemporary membership organisation for property professionals that develops and supports our members to advise the community and business

Operates a real estate investment trust

Provides real estate services

MCFM is an active manager which performs in-house research following a combination of top-down property sector analysis and detailed securities analysis, believing that the majority of the value added is from security selection. The firm performs property sector research, analyzing supply and demand fundamentals for property sectors in all of the major cities of Asia, analyzing consumer income growth, employment growth, equity transactions volume, retail sales and tourist numbers, industrial production and international trade. This analysis leads to views on the most attractive real estate sectors in the region and areas that should be avoided due to excessive risk. MCFM considers reports and analysis from real estate consultants, government economic data, real estate industry bodies, reports from investment banks and company data. Their top-down analysis of interest rates, GDP, currency outlook and country policy issues helps to form the allocation of funds between countries. The firm performs securities analysis by screening all available real estate securities within a given region, with securities that do not meet minimum size, liquidity and corporate governance requirements deleted from consideration. They collect information including in-house analysis of earnings distributions and target prices, broker inputs, company information and market prices and interest rates. This information is compiled in MCFM's proprietary multifactor ranking model which ranks securities from an investment perspective. The data falls into the categories of valuation measures, growth indicators and risk factors, weighted to produce a ranking that takes a balanced view of value, growth and risk. MCFM's research team visits prospective investee real estate company management and REITs. The company and REIT visits and meetings are used to confirm the investment team's understanding before an investment is made.