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SG Henderson launches global property fund

Property Here - Friday, April 12, 2013

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By Shabnam Muzammil:

Henderson Global Investors has launched the Henderson Global Property Income Fund to help investors tap on opportunities in the global property market. In addition to real estate investment trusts (REITs), the fund comprises a portfolio of listed property securities from around the world.  

Managed by Patrick Sumner, who heads property equities at Henderson, and his team, the Singapore-authorised fund is expected to provide investors a gross yield in excess of five percent each year. 

“The Fund is designed to provide total returns and will attract investors who look to benefit from a relatively stable sector,” said Alex Henderson, the firm's Managing Director for Asia.

The new fund will have a global mandate and will be diversified across the most attractive REITs markets including Singapore, Hong Kong, Japan, Europe, Australia and the US, and will have a bias towards Singapore REITs with a 25 percent weighting in the customised benchmark.

AIA Singapore (AIA) and GYC Financial Advisory (GYC) will be the fund's anchor distributors.

“This new addition will extend the range of AIA Singapore’s ILP fund offerings and provide our customers with more fund choices that can meet their financial needs,” said Tan Hak Leh, CEO of AIA. He added that investors can expect stable income and potential capital growth, and the opportunity to diversify their portfolio through the fund.

Aw Choon Hui, Deputy CEO of GYC noted: “Rather than having to pay out substantial sums to acquire a physical property, this Fund offers a relatively easy option for our clients to invest and derive income from a well-managed global portfolio of income-generating properties.”

 

Shabnam Muzammil, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email shabnam@allproperty.com.sg