BNY Mellon Asset Management has launched a global property fund under real estate specialist, Urdan...
BNY Mellon Asset Management has launched a global property fund under real estate specialist, Urdang Capital Management. Mellon Global Property Securities fund aims to outperform its FTSE EPRA/NA Reit Global benchmark by 2-3% each year. Launched on 23 April, the portfolio of 50-75 holdings includes publicly traded companies whose principal business is the ownership, management and/or development of income producing and for-sale real estate properties. The group said the fund will have significant allocations to markets with above average GDP growth and population trends that foster stron...
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