"Invesco is seeing a major asset allocation shift from Australian LPTs (listed property trusts) to global REITs (real estate investment trusts) as funds try to diversify their REITs security exposure," Invesco Australia chief executive Mick O'Brien said.
"In launching our unhedged global REIT fund, clients can now benefit from currency choice in global listed property investing, the potential for strong capital growth and income, and much greater diversification opportunities compared to Australian listed property."
The global property fund invests in around 70 REITs and is managed by Invesco's real estate securities team in the United States.
