NewFund China SSE50 ETF (1309)

Overview

Texton is a Real Estate Investment Trust (REIT) listed on the JSE Limited (JSE), providing shareholders with a pathway to global direct and indirect real estate investments. These investments are carefully curated to offer sustainable, risk-adjusted returns. As of 31 December 2023, Texton has a direct property portfolio valued at R2.1 billion, slightly decreased from R2.2 billion in June 2023. Additionally, its international property investment portfolio is valued at R544.7 million, down from R598.6 million in June 2023. Operating with a disciplined approach to capital allocation, Texton focuses on strategic investments in key locations within South Africa (SA) and the United Kingdom (UK), along with high-quality property investments in developed markets. These efforts are bolstered by partnerships with top-tier asset managers, ensuring optimal performance and value creation.

Products and Services

• Direct Property Portfolio

  A key component of Texton’s offering is its direct property portfolio, valued at R2.1 billion as of December 2023. This portfolio includes strategic property holdings located within important nodes across South Africa and the United Kingdom. Texton emphasizes strategic reinvestment in these assets to increase their value and generate stable returns for shareholders.

• International Property Investment Portfolio

  Valued at R544.7 million as of December 2023, the international property investment portfolio constitutes a significant part of Texton's investment strategy. This portfolio encompasses indirect investments in high-quality real estate across developed markets. Through collaborations with leading asset managers, Texton aims to ensure these investments yield optimal performance and contribute to the company’s objective of creating sustainable value.

• Capital Allocation Strategy

  Texton employs a focused and disciplined approach to capital allocation, prioritizing investments that are expected to deliver the highest returns. Whether reinvesting in its direct holdings in SA and the UK or expanding its international footprint through partnerships, Texton’s strategic capital deployment is designed to underpin the company’s growth and secure long-term success.