Credit Suisse Asset Management (CSAM) is lining up a global property portfolio as well as Russia, In...
Credit Suisse Asset Management (CSAM) is lining up a global property portfolio as well as Russia, India and energy funds for its Luxembourg Sicav.
This follows the July launch of the Credit Suisse Equity Fund (Luxembourg) Asian Property portfolio, co-managed by Boon Hong Yeo and David Scott. Its remit includes Australia and Japan and it will invest not only in property shares but also in real estate investment trusts (Reits).
According to Mark Burgess, global head of equities at CSAM, the group is considering a global property fund launch. Other products on the horizon that Burgess is hoping to add to the Sicav include an Indian and a Russian fund.
Burgess said: "India is currently covered through Neil Gregson's Emerging Markets fund and Russia is invested in via Elizabeth Eaton's Eastern European product, but separate portfolios do not exist for these two countries. We see these as regions in the emerging markets that will be able to provide absolute returns to the investor."
CSAM is also planning to launch a sector-specific new energy fund. At present, the company has only a Swiss-based Global Energy fund managed by Jay Bhutani which invests a part of the portfolio in this sector.
CSAM is confident the Asian property market will continue to do well, underpinned by high growth rates across the region. It believes the growing Asian middle class will drive demand for higher-quality residential, retail and commercial property.
The group is also positive on the outlook for Reits. Burgess said in Japan land prices are recovering and strong demand from mutual funds and retail investors is supporting J-Reits. In Singapore, the office and retail sectors have seen improving rents and regulatory changes are expected to make it more attractive for the listing of S-Reits.
Asia property fund added to the Luxembourg Sicav.
Global property portfolio being researched.
Single country China and Russia funds planned.
New energy fund on the cards.
Moves to overweight equities and fixed income
The Big Interview: Focus on ethical investment
View from the front row
'No control or oversight'
359 new customers in 2018