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The two funds will be managed by a five-person team of portfolio managers at ING Clarion Real Estate Securities, which has around $20 billion in assets under management. ING Clarion is the real estate securities management arm of ING Real Estate.
ING Clarion has offices and securities analysts in Philadelphia, London, Tokyo, and Hong Kong and has been exclusively managing portfolios of real estate securities on behalf of institutional and individual investors since 1984.
"Real estate investment trusts (Reits) have unique characteristics that may make them attractive to both income-seeking investors as well as those looking for growth," says ING Funds head Shaun Mathews.
The ING Asia-Pacific Real Estate Fund is the latest fund available outside Asia, reflecting the strong demand for property related investments in this region among global investors.
Last month, the California Public EmployeesÆ Retirement System (Calpers), the biggest pension fund in the US, set aside $1 billion for investments in Asian real estate, raising its allocation to the regionÆs property sector by 50% to $3 billion.
HSH Real Estate, a unit of HSH Nordbank of Germany, and Singapore-based real estate investment and fund management firm Pacific Star Group jointly set up a fund that will invest in prime properties in Asia. HSH and Pacific Star are targeting to raise E500 million ($703 million) for the fund, which is expected to be raised from German institutions and private investors.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
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SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.