Axa Investment Managers has launched a global property fund to provide investors with the long-term return opportunities of direct property investments with less volatility than equity markets.
Axa WF Global Flexible Property fund will provide daily liquidity, diversification and lower transaction costs compared to direct property investments, according to lead manager Frédéric Tempel.
Targeting an allocation of 60 per cent equity to 40 per cent debt, the fund invests in listed equity and debt instruments from a global universe of publicly traded property companies.
• The fund will be diversified across its asset allocation of equity and debt
• It will be diversified across geographic regions (US, Europe and Asia Pacific) and real estate sub-sectors
• It is a Luxembourg-domiciled open-ended collective investment scheme (Sicav)
• It offers both retail and institutional share classes
Gordon Bowden, director of Northamptonshire-based Quainton Hills Financial Planning, said: “People invest in property as a diversification away from shares and to have a diverse portfolio. I would rather invest in bricks and mortar or bricks and mortar investment trusts. Debt instruments will reduce volatility and there is volatility in property investments, but at least people know what they are getting.”