Asset manager Imantia Capital has launched Reits Global, an equities Ucits fund investing in real estate vehicles.
The fund will invest betweet 70% and 100% of its assets in equities issued by Reits listed on Europe, North America and Asia-Pacific, including emerging markets.
It will invest in a range from 25 to 30 issuers, diversifying risk among different regions and property types, with exposure not exceeding 5% per each Reit, the asset manager said.
Imantia Capital will team up with real estate investment management firm Viewise, for the selection process of this asset class.
Unlike traditional real estate funds, with the issue of liquidity mismatch between the liquidity of investment funds and the illiquid assets into which they invest, Imantia Reits Global has a daily valuation and liquidity, enabling withdrawals “immediately”, the asset manager said.
“In this environment of low returns on fixed income, we propose alternatives to unitholders and today we believe there is an excellent investment opportunity in the real estate market,” says Gonzalo Rodriguez, CEO of Imantia Capital.
The fund will be distributed in Spain and has three share classes for institutional, private banking and retail investors.