PGIM India Mutual Fund has announced the launch of PGIM India Global Select Real Estate Securities Fund of fund. It is an open ended equity fund of fund scheme, which invests in PGIM Real Estate Global Select Real Estate Securities Fund. It will open for NFO subscription on 15 November 2021 and close on 29 November 2021. This fund is the country’s first global real estate securities fund. The benchmark index of the fund is FTSE EPRA NAREIT Developed Index. The primary objective of the scheme is to acquire long-term capital over a long period of time.
Funds benefit rapidly in the real estate market after Corona
The units of PGIM Global Select Real Estate Securities Fund primarily invest in equity-related securities of REITs and real estate companies located across the globe. Globally, real estate has emerged as an asset class and as an investment during the pandemic, according to PGIM Mutual Fund. As economies around the world reopen, they will benefit from increased demand for assets such as hotels and restaurants. The pandemic has accelerated the already ongoing trends. Such as cloud computing, remote schooling, remote working, e-commerce, last mile retail etc., thus expanding opportunities for real estate development.
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This fund will beat inflation – PGIM Mutual Fund
Rick Romano, MD & Business Head, PGIM Real Estate and Global Real Estate Securities said that the demand for the real estate space is expected to be back on track soon with a better turnaround. According to Rick Romano, the sub-categories like Grade A Commercial, Self-Storage, Logistics, Last Mile Retail, Senior Living, Cold Storage etc. are either not available in India or are largely as investable securities as compared to global markets. are not available. Ajit Menon, CEO, PGIM India Mutual Fund, said that with interest rates and inflation where they are today, this strategy will be a significant addition to building flexibility in the client portfolio
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