PGIM India MF has launched PGIM India Global Select Real Estate Securities FoF, an open-ended equity fund of fund scheme. The FoF will invest in PGIM Global Select Real Estate Securities Fund, which primarily invests in REITs and equity-related securities of real estate companies located globally.
In a press release, Ajit Menon, CEO, PGIM India Mutual Fund said, “The fund will invest in various sub-themes like grade A commercial, self-storage, logistics, last mile retail, senior living, cold storage etc. are either not available in India or not available at scale as investible securities compared to global markets. With interest rates and inflation where they are today, this strategy will be an important addition to build resilience in client portfolios for times ahead.”
“As concerns around new variants of COVID ease, allowing workplaces and service-oriented industries to reopen more fully, occupier sentiment is expected to return quickly supporting a rebound in real estate space demand,” added Rick Romano, MD, PGIM Real Estate and Head of Global Real Estate Securities Business.
