# Real assets
|  | Allocation |  | Absolute | return* |  | Relative | return** |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Asset class | strategic | current | Q1 | YTD | 2020 | Q1 | YTD | 2020 |
| REITs | 2.0% | 3.1% | 5.5% | 5.5% | -5.3% | -1.7% | -1.7% | 0.8% |
| Private real estate | 3.0% | 1.9% | 4.9% | 4.9% | 5.2% | – | – | – |
| Private infrastructure | 2.0% | 0.4% | 0.6% | 0.6% | -2.7% | – | – | – |
| Real assets | 7.0% | 5.4% | 4.9% | 4.9% | -2.6% | -1.5% | -1.5% | 2.1% |

REITs – regions
0%	20%	40%	60%	80%
REITs – sectors
0%	5%	10%	15%	20%	25%
North America
Asia/Pacific ex Japan
Europe
Japan
52.5%
Residential Industrial Specialized
Retail Office Diversified Health care Hotel & Resort
20.9%
| Top external mandates Name | Asset class | Weight |
| --- | --- | --- |
| Resolution Capital | REITs | 17.5% |
| BMO | REITs | 16.8% |
| Ranger Global Real Estate Advisors | REITs | 11.9% |
| B&I Capital | REITs | 10.6% |
| J.P. Morgan | Private real estate | 3.3% |
| Rialto Capital Management | Private real estate | 3.2% |
| REVCAP | Private real estate | 3.1% |
| CapMan | Private real estate | 2.1% |
| Paloma Capital | Private real estate | 2.1% |
| Carlyle Group | Private real estate | 2.0% |

Translation (ENFR, 2021-03-31):
# Valeurs réelles
|  | Allocation | Rendement absolu* | Rendement relatif** |
| --- | --- | --- | --- |
| Classe d'actifs | stratégique | actuelle | Q1	YTD	2020 | Q1	YTD	2020 |
| REITs | 2.0% | 3.1% | 5,5% | 5,5% | -5,3% | -1,7% | -1,7% | 0,8% |
| Private real estate | 3.0% | 1.9% | 4,9% | 4,9% | 5,2% | – | – | – |
| Private infrastructure | 2.0% | 0.4% | 0,6% | 0,6% | -2,7% | – | – | – |
| Valeurs réelles | 7.0% | 5.4% | 4,9% | 4,9% | -2,6% | -1,5% | -1,5% | 2,1% |

REITs – Régions
0%	20%	40%	60%	80%
REITs – Secteurs
0%	5%	10%	15%	20%	25%
Amérique du Nord
Asie/Pacifique ex Japon
Europe
Japon
52,5%
Residential REITs Industrial REITs Specialized REITs
Retail REITs Office REITs Diversified REITs Health Care REITs Hotel & Resort REITs
20,9%
| Les plus grands mandats externes Noms | Classe d'actifs | Poids |
| --- | --- | --- |
| Resolution Capital | Immobilier (REITs) | 17,5% |
| BMO | Immobilier (REITs) | 16,8% |
| Ranger Global Real Estate Advisors | Immobilier (REITs) | 11,9% |
| B&I Capital | Immobilier (REITs) | 10,6% |
| J.P. Morgan | Immobilier (Private Real Estate) | 3,3% |
| Rialto Capital Management | Immobilier (Private Real Estate) | 3,2% |
| REVCAP | Immobilier (Private Real Estate) | 3,1% |
| CapMan | Immobilier (Private Real Estate) | 2,1% |
| Paloma Capital | Immobilier (Private Real Estate) | 2,1% |
| Carlyle Group | Immobilier (Private Real Estate) | 2,0% |

Source des données et des graphiques (sauf indication contraire): LGT
- Couvert en USD. Actuellement, les devises suivantes sont stratégiquement couvertes en USD: CHF, EUR, JPY, GBP et HKD.

** Le rendement relatif montre la surperformance par rapport à l'indice comparatif. La description des indices comparatifs se trouve dans l'annexe. Les rendements des catégories d’actifs sont mesurés par rapport aux indices de comparaison habituels des marchés. De ce fait, la somme des rendements relatifs de chacune des composantes des rendements relatifs des diverses catégories d’actifs peut différer.