Skandia Investment Management (SIML) and LaSalle Investment Management (Securities) are to launch a global real estate securities fund this month.
The open-ended Skandia Global Property Securities (LaSalle) fund will be 50% allocated to the US, around 20% to Europe and 20% to the Asia Pacific region, across all sectors. There is no gearing, which is normal for global property securities funds.
Todd Canter, managing director and global product manager at LaSalle Investment Management, said: “This is a fund with an attractive yield, and good return expectations as well as strong diversification benefits, which makes it a very attractive investment.”
Canter added that LaSalle forecasts that global property stocks will produce an 8-10% average annual return; the fund is confident of delivering returns ahead of market expectations.
