A total of 87% of advisers recommend clients with a moderate risk profile should hold at least 5% of their portfolios in international direct commercial property, according to a survey by New Star.
Almost half recommend a 5% to 10% holding, while 35% recommend a 10% to 20% stake. The research is based on a survey of advisers at the company’s April conferences.
New Star’s $700m (£356m) international direct commercial property fund, New Star Global, is one of the first of its kind on the market.
The fund’s European focus is on Germany, France and the Netherlands, while in the Asia Pacific region it invests in Hong Kong, Singapore, Japan and Australia.
Richard Wilson, UK retail marketing director at New Star, said: “Interest in the new fund has been strong and all the indications so far lead us to believe that it could be one of the most popular fund launches in recent years.”
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