Equiti to launch first of new property funds

property funds management executive director

11 August 2009
| By Corrina Jack |

Equiti Funds Management (Equiti) has announced the launch of a new direct property fund, the first of a number of property funds it plans to roll out in the coming years.

According to Equiti executive director Darren Wise, direct property funds will provide a good opportunity for investors if the structure is right and the assets can be bought at the right time.

“Direct property’s still a very good asset, particularly some of the office properties,” Wise said.

With a “back-to-basics approach”, Wise also said the fixed-term fund will have a load ratio of around 50 per cent and will focus on good quality property with long leases and strong tenants.

Wise said although specific features of the diversified property fund cannot yet be revealed, “there’s been a lot of emphasis on features in this product that are actually going to be there to protect investors and financial planners against unforeseen things”.

“There will be some specific features that will surprise the market a little bit.”

Equiti is currently looking at target properties for the fund.

“We’re doing due diligence on some very, very good blue chip assets,” Wise said.

The fund will be launched in three to four weeks’ time, according to Equiti.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 2 weeks ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 2 weeks ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

6 days 13 hours ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

3 weeks 6 days ago

The Reserve Bank of Australia's latest interest rate announcement has left punters disheartened on Melbourne Cup Day....

5 days 12 hours ago