With about 300 million people shifting from Chinas rural hinterland to its rapidly expanding cities each year, the backers of a new emerging markets real estate fund believe that countrys breathtaking economic growth is unlikely to be derailed by the credit crunch.
Wellington based boutique funds manager Kinloch yesterday launched its Emerging Markets Property Securities Fund, a New Zealand PIE compliant fund that will invest in listed property securities across the developing world, but mostly in Asia.
The funds investment manager is ASX-listed Asian real estate specialist MacarthurCook, whose managing director and chief investment officer Craig Dunstan said that for the next 10 or 15 years the best investment returns in the world are actually going to come out of Asia and emerging markets, and the USs day in the sun is certainly over.
More : nzherald.co.n
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