Property Fund Manager Standard Life Investments has announced the launch of two innovative, new global property funds aimed at institutional and retail investors in the UK and Europe.
The Global REIT Fund (OEIC) - for UK investors - and the Global REIT Focus Fund (SICAV) - primarily aimed at the European markets - will invest largely in Real Estate Investment Trusts (REITs) or securities and companies principally engaged in real estate activities on a global basis. The funds will aim to maximise total return from income and capital growth over the longer term. By investing in indirect property, both funds offer unique access to global property markets and the ability to diversify investors' existing property portfolios.
Source: Standard Life