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Mahindra Manulife - Launched Mutual Fund Scheme targeting REITS

Writer: MyRupayaMyRupaya
Oct 3, 20211 min read

Mahindra Manulife Investment Management Private Ltd (MMIMPL) on September 28 launched ‘Mahindra Manulife Asia Pacific REITs FOF’, an open-ended fund of fund scheme investing in Manulife Global Fund – Asia Pacific REIT Fund.


The new fund offer will begin on September 28 and end on October 12, according to the asset management firm, with the scheme reopening for continuous sale and buyback on October 22.



With the possible rebound on the back of the roll-out of COVID-19 vaccinations and the reopening of economies, real estate investment trusts (REITs) may be one of the major benefactors amid the worldwide hunt for return, according to the firm.


Mahindra It was announced that the Manulife Asia Pacific REITs FOF will invest in the Manulife Global Fund - Asia Pacific REIT fund, which will invest primarily in REITs across Asia Pacific nations.


The low correlation of REITs with other assets makes them a portfolio diversifier that can assist improve portfolio returns over the medium to long term.


According to MMIMPL, the underlying fund, Manulife Global Fund - Asia Pacific REIT Fund, which intends to generate steady income and capital gain, will have a 70% to 100% allocation to REITs and the remainder in real estate and property management companies (non-REITs) and cash/cash equivalents.

 

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