UK-based fund manager Standard Life Investments has been awarded public distribution status in Germany for its Luxembourg-domiciled SICAV fund range, allowing German investors access to its range of funds, including its global real estate investment trust focus fund.
The global real estate investment trust (REIT) focus fund invests primarily in real estate investments or securities and companies principally engaged in global real estate activities. The fund aims to maximize total return from income and capital growth over the longer term. By investing in indirect property, the global REIT focus fund offers European investors unique access to global property markets and the ability to diversify their existing property portfolios.
In addition, the group is also offering its SICAV range to German investors, which consists of a further 15 sub funds.
Standard Life Investments is a strong player in equities, fixed income, real estate, private equity and cash, with assets under management totaling E196.1 billion.
Gabriele Schlitt, investment director for European business development at Standard Life Investments, said: We’re really looking forward to introducing our fund range to German investors. Both institutional and retail investors will now have a tax efficient and transparent means of accessing our equity, bond and real estate expertise.
The availability of our SICAV range – for both institutional and retail investors – will complement our overall strategy of increasing European wholesale activities, an area where we have been progressively successful in areas such as Benelux, the Nordic region and Iceland.