Harbour builds a new real estate fund
The Harbour Real Estate Investment Fund (REIF) provides investors with exposure to the long-term defensive growth listed real estate asset class.
Portfolio manager Shane Solly says the fund will predominately invest in listed Australian and New Zealand property funds, but it will also have the ability to invest in other markets and unlisted funds.
To be included securities which are neither in a listed property security nor in a REIT benchmark indices, underlying profit certainty needs to be high.
Like other Harbour products the fund will be actively managed and will look to capture inefficiencies in the market.
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