AXA Investment Managers (AXA IM) today announces the launch of AXA WF Global Flexible Property (the Fund) to provide investors with exposure to the long-term return opportunities of direct property.
In addition the Fund provides daily liquidity, reduced volatility, improved diversification and lower transaction costs compared to direct real estate investments.
The Fund invests in listed equity and debt instruments from a global universe of publicly traded real estate companies. Targeting an allocation of 60% equity to 40% debt, the Fund is designed to mimic the liability side of a real estate company’s balance sheet and enables the fund manager to seek a return profile similar to that of a direct real estate investment.
The manager has the flexibility to change the asset allocation mix of the Fund and reduce or increase equity exposure according to the property cycle, with the aim of reducing overall volatility.
The team managing the Fund comprises of professionals from both AXA IM and its subsidiary AXA Real Estate, Europe’s largest real estate portfolio and asset manager.
Source: AXA Investment Managers