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Dutch fund management group ING Investment Management has released a new global real estate fund in Hong Kong that distributes dividends quarterly. Structured as an open-ended fund, the ING Global Real Estate Securities Fund will hold between 70 to 90 real estate stocks. It will also invest in reits.
According to the marketing literature: 'The fund aims to provide investors with a highly liquid investment alternative from direct ownership of property, while still providing the benefits of regular income, potential capital gains and risk diversification.'
The global real estate dividend yield is forecast this year at 4 to 5 per cent, with projected earnings growth of 8 to 9 per cent, according to ING Clarion Real Estate Securities. The fund will leverage ING's property management teams in the US, Britain, Europe and Asia.
ING ranks as the world's largest property manager with more than US$70 billion is assets under management.
The offer period will close on October 28. The minimum investment is US$2,500. Annual management charges are 1.6 per cent, in addition to a 5 per cent upfront subscription fee.
