AMP and Nikko Securities have launched a global property securities fund for the Japanese retail mar...
AMP and Nikko Securities have launched a global property securities fund for the Japanese retail market aiming to yield 4% after taxes and fees. The Nikko AMP World Reit fund will invest in real estate investment trusts around the world and aim for a gross yield of 7%. An expected 50% of the assets will be invested in US Reits - the world's largest market, 35% in Australia and 15% in Europe, split between the Netherlands, Belgium and France. Demand has been strong with E260m being raised in the first few weeks through financial advisers and by Nikko's tied distribution. Patrick Sumner,...
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