AMP Capital wins global REIT mandate
AMP Capital has been selected to manage a global listed real estate mandate for China's National Council for Social Security Fund (NCSSF).
In a significant win for the company, AMP Capital stated that the NCSSF is one of the largest pension funds in the world, with almost RMB 1 trillion in funds under management.
"It was one of the first Chinese institutional investors to invest offshore through external mandates and investment managers," AMP Capital director institutional business Anthony Fasso said.
He said the company had gradually been building a relationship with the NCSSF since the fund was established in 2001 and the mandate was a major milestone for AMP in China and underlined the growing trend of Chinese offshore investing.
Managed by AMP Capital head of global listed real estate Matthew Hoult and his team, the portfolio will be invested in property securities listed on sharemarkets in the Americas, Europe and Asia-Pacific.
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