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New international property fund.(News Round-up)
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What Investment
- Article date:
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June 1, 2007
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Copyright informationCOPYRIGHT 2007 Vitesse Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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New Star Asset Management has launched an international property fund investing in established markets, such as continental Europe, Asia and the Pacific rim.
This will be the UK's first authorised, open-ended international direct commercial property fund, according to New Star. The fund management team will aim to provide a less volatile alternative to global REITs and UK property securities. New Star claims that direct international property investment offers lower volatility because it is underpinned by rental income, which tends to rise and generate a stable inflation-proof return.
It will invest across nine cities, six countries and three continents. The fund will ...
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