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Swiss Life AM set to launch European real estate fund

Swiss Life AM set to launch European real estate fund

Swiss Life Asset Management plans to launch a new real estate fund for Swiss professional investors on 30 November 2017, the firm has announced.

The Swiss Life REF (CH) European Properties received Finma approval on 29 September.

The new strategy will focus on commercial properties in European metropolitan areas, in particular in Germany, Austria, France and Benelux with target strategic allocation 40-60%.

The fund will also invest in real estate in the UK (10-20%), Scandinavia(10-20%) and Southern Europe (10-20%). The strategy aims to attract €250 million by the launch date.

The sample portfolio from September 2017 includes such properties like 10 Old Bailey in London, Wittestrasse 30 R in Berlin-Reinickendorf, 5 / 7 rue Dareau in Paris.

The fund targets Swiss investors who want to diversify their portfolios and are looking for products with low correlation to traditional asset classes.  

The new product is one of a number of recent fund launches at the asset management firm. Earlier this week Swiss Life AM unveiled a new fund that focuses on global minimum volatility. 

Citywire Switzerland's database features one Swiss Life AM real estate strategy: the Swiss Life Funds (CH) Real Estate CHF FoF A1, managed by Alain Baumann

The fund has returned 16.83%  in Swiss franc terms over the past three years to the end of September 2017. Its technical indicator, the FTSE AW Europe (Dev)/Real Estate Invest & Svsc TR, returned 50.32% over the same period.

 

 

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