View more on these topics

Henderson fund opens door to Asian property

Henderson has introduced an offshore Asia-Pacific property equities fund to be managed by Chris Reilly based in Singapore.

The fund will invest in quoted equities of companies which derive the main part of their revenue from the ownership, management or development of real estate throughout Asia and the Pacific and will take advantage of rising commercial asset values in the region as domestic consumption improves.

It will be a dollar-denominated product benchmarked against an average of the FTSE European, North American and Asian total return property indices. It will exclude stocks that derive more than 40 per cent of their earnings outside Asia and will cap the weight of any stock at 7.5 per cent.

Reilly says overseas Reits are bringing liquidity, transparency and efficiency to the market.

The fund is designed to appeal to total return requirements rather than investors wanting regular and predictable income. It will be flexible, with no particular reference for yield or growth.

It will complement the firm’s global property equities and pan-European property equities funds in its Luxemburg-based Sicav. Minimum investment is 1,400 and charges are 5 per cent initial and 1.2 per cent annual.

Reilly says: “There are great opportunities in Asia-Pacific markets. In weak property markets, a focus on dividend yields may provide better returns. But a preference for growth stocks may prove more rewarding in rising property markets.”

Max Horne Financial director Max Horne says: “There has been a lot of activity in Asia and the Pacific, particularly in Hong Kong and Shanghai. On the commercial property side, anywhere like this where there is potential to make money is a good bet for investors.”


Leitch teams up with Zurich allies

Ex-Zurich chief executive Sandy Leitch has teamed up with his former Zurich allies to launch a new 30m multi-tie proposition in the new year. Lord Leitch’s comeback venture, revealed in Money Marketing two weeks ago, aims to capture 1,000 advisers in the next four to five years and has secured 30m funding from backers, including […]

BBB rejects multi-tie route

Berkeley Berry Birch says it will not go down the multi-tie route as a way of raising capital because it would go against the wishes of the majority of its advisers. Marketing director Carey Shakespeare says some nat-ional IFAs have set-up multi-tie operations, not because their advisers wanted this but because directors needed to raise […]

Ombudsman will speak at Aifa AGM

Financial Ombudsman Service chairman Sir Christopher Kelly is to speak at the Aifa annual general meeting on November 29. Aifa director general Chris Cummings expects a good turnout and is prompting IFAs to take advantage of the networking opportunity and chance to discuss their issues around depolarisation and industry regulation. The event will take place […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm