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Fidelity plans pan-Europe property fund

Fidelity is looking at launching a pan-European commercial property fund next year.

Boston-based global property fund manager Steven Buller says a pan-European fund would be likely to include exposure to Eastern European markets and would come under the remit of European head of real estate Neil Cable who was recruited from Standard Life earlier this year.

The fund is expected to be a Luxemburg-domiciled Sicav, like its pan-Asian property sister fund. The Asian fund will invest in Japan and Australasia but also offer exposure to lesser-researched property markets, including Malaysia, Indonesia and the Philippines.

Buller says: “I could see us launching a pan-European fund out of the London office which would become a member of our global property group. It makes more sense to run a European fund from London. We may end up with a full suite of international property funds.”


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Dalton-Brown criticises insurers’ wraps as ‘purely defensive move’

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The blame game

Every week, I try to write about an issue that strikes a chord with at least some readers of Money Marketing. One way to judge whether I have succeeded is to read the emails you send me in response to my comments.

A third of firms see senior management buy-in as biggest TCF barrier

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