01.10.2015, 10:42
Qinvest launches Sharia'a-Compliant real estate fund in partnership with Pramerica Real Estate Investors
OREANDA-NEWS. QInvest, that it has launched the QInvest Pramerica Liquid Real Estate Fund (the “Fund”) in partnership with Pramerica Real Estate Investors (“Pramerica”), the real estate investment management business of U.S.-headquartered Prudential Financial, Inc., (NYSE:PRU). Pramerica, which will serve as the subadvisor of the Fund, is one of the largest real estate investors in the world with gross assets under management of USD \\$61.5 billion.
The new Fund will invest exclusively in high yielding sharia’a-compliant real estate investment trusts and other real estate-related securities, sourced globally by the fully dedicated real estate securities team at Pramerica. Marc Halle, Head of Global Real Estate Securities will actively manage the Fund as part of his role as Chief Investment Officer and Senior Portfolio Manager for all global real estate securities funds and investments at Pramerica. The team at Pramerica has been investing in REITs since 2005, focusing exclusively on global public real estate securities and is recognized as a leader in the global real estate securities industry.
Tamim Hamad Al Kawari, Chief Executive Officer of QInvest said:
“QInvest has focused on expanding the capabilities of QInvest Asset Management, particularly the QInvest Managed Account Platform (QMAP), our pioneering open architecture sharia’a- compliant fund platform. The addition of this Fund further broadens the product offering available to our investors, with the addition of a new high quality asset class with attractive yields and for which there is an active demand".
The new Fund will invest exclusively in high yielding sharia’a-compliant real estate investment trusts and other real estate-related securities, sourced globally by the fully dedicated real estate securities team at Pramerica. Marc Halle, Head of Global Real Estate Securities will actively manage the Fund as part of his role as Chief Investment Officer and Senior Portfolio Manager for all global real estate securities funds and investments at Pramerica. The team at Pramerica has been investing in REITs since 2005, focusing exclusively on global public real estate securities and is recognized as a leader in the global real estate securities industry.
Tamim Hamad Al Kawari, Chief Executive Officer of QInvest said:
“QInvest has focused on expanding the capabilities of QInvest Asset Management, particularly the QInvest Managed Account Platform (QMAP), our pioneering open architecture sharia’a- compliant fund platform. The addition of this Fund further broadens the product offering available to our investors, with the addition of a new high quality asset class with attractive yields and for which there is an active demand".
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