Mahindra Manulife Mutual Fund has launched ‘Mahindra Manulife Asia Pacific REITs FOF’, an open-ended fund of fund scheme investing in Manulife Global Fund – Asia Pacific REIT Fund.
The fund house said that scheme is suitable for investors who are looking to diversify their portfolio and build exposure to real estate markets internationally.
The underlying scheme invests in REITs across Asia Pacific countries and aims to achieve stable income and capital appreciation.
In a press release, Ashutosh Bishnoi, MD & CEO, Mahindra Manulife MF said, “International REITs are a great way to diversify a portfolio and build exposure to real estate markets worldwide. With strong demand for office spaces, residential, warehousing, retail and hospitality in Asia Pacific regions, investment im REIT fund of funds scheme offers an opportunity to investors to grow their wealth over a period. REITs also aim to provide hedge against inflation.”
Jatinder Pal Singh, CMO, Mahindra Manulife MF said, “REITs have unique characteristics that may make them attractive to both income and growth investors. Apart from traditional retail malls, offices, industrial parks and hotels, Asia Pacific REITs also cover new industries like data center and logistics which we believe could benefit from the recent rise of e-commerce and cloud computing.”
