M&G has unveiled the M&G Global Real Estate Securities fund with a view to taking advantage of rapidly-growing markets in listed real estate securities worldwide.
The high-conviction equity vehicle is a total return fund combining bottom-up stock picking with top-down regional and sector asset views. The fund, managed by Ben Sanderson from M&G's equities team, will aim to hold a concentrated portfolio of 40 to 50 stocks, diversified across various sectors and countries. Sanderson explained: "The growth in the number of listed real estate companies and REITs has more than quadrupled since 1990 due to the increased trend towards securitisation and advances in REIT legislation. "Also, in recent years we have seen strong growth of the global market...
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