Standard Life Investments has signed an agreement with financial group Nordea to distribute its Global Reit Focus fund in the Nordic and Baltic Sea region.
The partnership adds to Standard Life Investment’s existing regional relationships with Finnish bank Aktia and Swedish multi-manager company Merrant.
The Global Reit Focus fund invests in real estate investment trusts or securities and companies working in the global real estate business.
Managed by Svitlana Gubriy and Andrew Jackson, Standard Life says the fund is looking to outperform the FTSE EPRA/NAREIT Global Index by 2 per cent per annum.
Standard Life Investments director Åsa Norrie says the signing of the agreement represents another major step in the development of Standard Life Investment’s European business. She says: “Nordea is one of the regions most respected and fastest growing financial institutions.”
“The Global Reit Focus fund combines the unique insights of our extensive property research team with enhanced access to company management afforded by our scale and market coverage. By investing in the fund, investors can look forward to the prospect of accessing an asset class with low correlation to other key asset classes over the long term and with daily liquidity at low costs.”