MLC taps into diversified global market

MLC has added global listed property to its UK portfolios. The new asset class will be managed by LaSalle Investment Management and exposure will vary across the six multi-asset class portfolios. Global listed property becomes the sixth asset class available in the portfolio, joining UK equity, global equity, UK bonds, global bonds and cash. Head of investment strategy at MLC in the UK, Bobby King said: "By investing globally we can tap into a much more diversified market. There are just over 30 listed real estate companies in the UK compared to over 200 globally. Markets such as the U...