LaSalle Investment Management, leading real estate investment manager of the Jones Lang LaSalle group, has joined Taishin Investment Trust to launch a global real estate securities fund for Taiwanese investors.
Taishin Global Real Estate Securities Fund, which will strategically invest in REITs across all regions, will be available to investors in Taiwan from 5 November and will use the UBS Global Investor Index as its benchmark. It will be distributed by Taishin, a subsidiary of Taishin Financial Holdings, one of the leading financial holding companies in Taiwan, with LaSalle acting as investment advisors.
LaSalle has a 62-strong securities team with professionals in North America, Europe and Asia Pacific, managing $11 bln. (approx. 7.02 bln.) of assets under management, $6.7 bln. of which is invested in global real estate securities. The company has a superior five-year global track record and a 21-year US track record in real estate securities, and has consistently achieved out performance for its funds and exceeded benchmarks.
Todd Canter, International Director and Global Strategist, LaSalle Investment Management said: "We have long been excited about entering the Taiwan market, where investors recognize the benefits of diversifying their portfolios and providing balance to their equity and fixed income investments."
He continued, "We are equally delighted to do business with Taishin. The quality of their service coupled with our research and investment expertise will no doubt prove a successful relationship for investors."
Source: Citigate Dewe Rogerson