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| Henderson launches US$ 1 billion Asia Pacific Fund Of Property Funds Henderson Global Investors, a subsidiary of British financial services giant Henderson Group plc, has announced the Q4 2007 launch of the Henderson Asia Pacific Indirect Property Fund (Pagoda), a fund with both open and closed ended sub-funds aimed at institutional investors globally. Pagoda is one of the first funds of its kind to offer an indirect property fund investing in Asia Pacific direct property funds. It has a primary target total return of 12 per cent per annum with a secondary target income return of 4 per cent per annum and aims to exceed US$1 billion of assets under management. The fund is a Luxembourg Fonds Commun de Placement (FCP) with US dollar and Euro denominated sub-funds. Investors will have exposure to a large pool of underlying property assets which are diversified by countries, sectors and market cycles. The fund will target primary investment opportunities mainly in Australia, Japan, New Zealand, Singapore, Hong Kong, India, China, Vietnam, South Korea, Malaysia, Indonesia, Thailand, Philippines and Taiwan. In December 2005 Henderson launched the first open-ended European fund of property funds (the Henderson Indirect Property Fund), raising €600m in the first 16 months. To date the fund has invested over €450m across 16 underlying funds covering all sectors and markets in continental, central and eastern Europe. write your comments about the article :: © 2007 Construction News :: home page |