Global direct property at least 5% of portfolios

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 s...