Foresight Capital Management has launched a sustainable real estate fund which will invest in European, North American and Asian REITs, while embedding the UN Global Compact 10 Principles and four of the UN Sustainable Development Goals into its investment process.
FP Foresight Sustainable Real Estate Securities, which will be managed by Mark Brennan, aims to achieve a 4% yield and capital growth over a rolling five-year period. It will invest in portfolios with an average of £6bn of assets under management in order to maximise liquidity, while focusing on "resilient sectors" such as logistics, medical properties and data centres. It will also only invest in companies the team believes deliver a net social or environmental benefit. Manager Brennan said Foresight's new sustainable real estate fund "enables investors to capitalise on the income...
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