Advance Asset Management launches global property fund


|
Advance Asset Management (AAM) has launched a Global Property Fund for retail investors. The fund recently added access to CBRE Global Real Estate Securities.
CBRE will provide the global asset allocation and investment services for the fund. CBRE manages real estate investment trust portfolios and real estate operating companies across North America, Europe and Asia worth approximately $1.7 billion.
“Including real estate investment trusts in a diversified portfolio that includes equities and bonds is a sound proposition that will help reduce overall risk and increase risk-adjusted returns,” AAM head of investment solutions Patrick Farrell said.
The impact the global financial crisis is having on the property market is creating many opportunities for medium to long-term property investors, Farrel said.
The global property strategy will be managed by Steve Carroll, senior managing director and co-chief investment officer at CBRE.
The fund is available on the Asgard, BT and Colonial First State platforms. It has been given a four-star rating by Standard and Poor's.
Recommended for you
The $673 billion global investment manager has appointed a former Zenith sales head as it seeks to expand its reach in the Australian wealth management market.
Fund managers may be operating in a squeezed environment, but a salary guide shows they are willing to pay up for specialist talent to diversify their fund range.
Reach Alternative Investments has entered into a strategic partnership with Russell Investments to bolster its wholesale private markets offering for financial advisers and investors.
Boutique investment consulting and research house Genium Investment Partners has announced a senior appointment to drive further growth in its research ratings business.