Norwich Union Global Property Fund introduced

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Norwich Union Global Property Fund introduced

Norwich Union Global Property Fund has been launched in a bid to give its customers the chance to invest in property in North America, Asia, Australasia and Europe.

The new fund will be available to customers on November 27th this year and invests in between 50 and 75 real estate investment trusts (REITs).

Norwich Union is collaborating with both Morley Fund Management and CBRE Global Real Estate Securities to offer the fund and REITs provide investors with the ability to transfer their money in and out of the commercial property market with ease.

Alongside the Norwich Union Global Property Fund, the company offers four manager of manager funds, the Growth and Value Fund and the Special Situations Fund, among others.

REITs are essentially a collective investment that enable the investor to put money into a range of properties without actually purchasing the property in the traditional sense.

A total of 80 per cent of the Norwich Union Global Property Fund is invested in REITs in 13 countries and the fund manager will be Paul van de Vaart.

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