Invesco launches unhedged global REIT fund
Thursday, 26 November 2009 11:50am
Invesco has released an unhedged version of its Wholesale Global Property Securities fund.
The firm said a key benefit of the unhedged version of the fund is the income distributions are not reduced by FX losses, which can diminish income in the fund.
"In discussions with advisers, it was obvious that many still use property in a client's portfolio to provide stable income. With the volatility of the Australian dollar we have seen recent periods in which all income has been wiped out by currency losses," said Mick O'Brien, chief executive at Invesco.
The fund is actively managed and is invested in around 70 real estate investment trusts (REIT).
The US-based investment team combines fundamental property research with bottom-up stock selection strategies.
Company release
This story was found at: http://www.financialstandard.com.au/news/view/27417
Printed: Wednesday, 8 September 2010 6:45am