UBS launches direct property fund

UBS has launched a property fund targeting a return of inflation plus 4%. The Real Return Property...

UBS has launched a property fund targeting a return of inflation plus 4%. The Real Return Property fund will aim to beat retail price index (RPI) inflation by 4% by investing directly in property. It will be headed by Richard Tanner and will target low depreciating assets with long-term repeatable cash flows that exhibit inflation matching characteristics. “There are sector funds available but we are aiming to build a focused portfolio using a model based on long-term inflation relationships of certain types of property, using the IPD universe over 26 years, back tested over a range of...