UK - UBS Global Asset Management is launching a Jersey-based unit trust in response to a growing demand from schemes for property funds.
The property unit trust will invest directly into UBS Global’s Triton Property Fund, which currently has a net asset value of £621m and is invested in 78 properties.
UBS Global said the “feeder fund” offered investors liquidity and flexibility as they would have the chance to either enter or exit the fund twice monthly.
The minimum investment is £50,000.
Over the last five years the Triton fund has outperformed its benchmark, the Russell/Mellon CAPS median, by an average of 3.7 percentage points per annum.
UBS Global head of research Richard Tanner said: “We chose a Jersey unit trust as investors are familiar with this structure.
“The fact schemes will be investing in an existing portfolio must be an advantage over ‘blind pool’ funds as they can see what UK assets the fund holds.”
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