Cohen & Steers is set to unveil its Luxembourg-domiciled Global Preferred Securities fund later this month to be run by William Scapell.
The new vehicle is a sub-fund of the firm's Luxembourg UCITS platform and will begin trading on 15 May. It seeks to provide high current income and capital appreciation by investing in a global portfolio of retail exchange-listed and institutional over-the-counter preferred and debt securities. CEO Robert Steers said: "The launch of the fund is the latest step in Cohen & Steers' commitment to bringing our core competencies in alternative income and real assets to European and other investors worldwide. "With the outlook for fixed income uncertain, demand for alternative income stra...
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