AXA Investments Managers (AXA IM) has launched a property fund in an effort to produce a return profile similar to that of direct real estate investment.
The new fund, christened AXA WF Global Flexible Property, will invest in both equity and debt and will provide investors with exposure to the long-term return opportunities of direct property.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The fund, to be run by AXA IM global head of listed real estate Frédéric Tempel in conjunction with a team drawn from AXA IM and its AXA Real Estate subsidiary, will target a 60% equity and 40% debt allocation.
AXA WF Global Flexible Property, which provides daily liquidity, is currently registered in the UK, Austria, Belgium, Denmark, Finland, France, Germany, Italy (institutional), Luxembourg, Spain, Sweden and the Netherlands and will be available in institutional and retail share classes.
Tempel said: "Mixing real estate equity and debt instruments in one liquid strategy is a relatively recent investment opportunity. The disintermediation of banks following the global financial crisis has created a much deeper market for real estate debt.
"Following this approach and investing in the full range of liquid instruments issued by property companies worldwide, we expect to mimic unlevered returns of directly held property and offer investors a more flexible option for investing in property."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
