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
Lonsec and SQM Research have highlighted manager selection as a crucial risk for financial advisers when it comes to private market investments, particularly due to the clear performance dispersion.
Macquarie Asset Management has indicated its desire to commit the fast-growing wealth business in Australia by divesting part of its public investment business to Japanese investment bank Nomura.
Australia’s “sophisticated” financial services industry is a magnet for offshore fund managers, according to a global firm.
The latest Morningstar asset manager survey believes ETF providers are likely to retain the market share they have gained from active managers.
