MacarthurCook Asian real estate fund on horizon
MacarthurCook is in the final stages of establishing a real estate securities fund in Asia, with a product disclosure statement expected to be available in the coming weeks.
The MacarthurCook Asian Real Estate Securities Fund will invest in a diversified portfolio of real estate companies and investment trusts to provide Australian investors with long-term capital growth and income.
It will seek to raise $100 million by way of public offer, partly underwritten by Citigroup Global Markets Australia and Bell Potter Securities.
The fund manager expects Asia’s robust GDP growth and high savings rates combined with the region’s developing REIT laws to continue to drive the strength of Asia’s real estate values.
AUTHOR
Recommended for you
The Financial Services Council has appointed a new deputy chair for its board.
ASIC chair Joe Longo has told compliance professionals they need an “attitude of compliance” beyond written policies, how can AFSLs achieve this without alienating their advisers?
Peri and menopause training founder and TV journalist Shelly Horton has hit back at calls for businesses to introduce menopause leave.
Pendal has told investors it will start winding up its Enhanced Credit fund from December, its third fund closure this year.
