Swiss Life Asset Managers has launched European Thematic Income & Growth fund, a Luxembourg Sicav structure with a diversified core/core-plus portfolio strategy, focuses on macro allocation and micro asset selection - as well as nimble asset management - to benefit from opportunities in the rapidly-evolving market environment for real estate.
Investment advisory for the strategy will be led by the London team of Swiss Life Asset Managers at Mayfair Capital, under the guidance of senior fund manager Maureen Mahr von Staszewski.
The fund will benefit from market-leading resources and local expertise covering all European markets, with particular strength in the largest and most liquid markets of Germany, France and the UK.
At a macro level, the investment advisors are targeting resilient pan-European economies, as well as diversified and liquid sectors. The strategy has initial target allocations of 60% to the large and liquid German and French markets, with a further 10% initially allocated to the UK and the remainder across strong markets in other European economies.
As for sector allocation, the strategy will target an approximate 40% allocation to offices, 25% to industrial, 10% to retail and 25% to residential and other maturing segments. The team will maintain dynamic flexibility to adjust the mix over time to reflect further evolution in the underlying European real estate market.
At the individual investment level, the investment advisor will seek, within the core to core-plus range, to harness the numerous thematic drivers currently underway across European markets. These themes are bracketed into five groups - connectivity, communities & clustering, consumers & lifestyle, change & disruption and climate & environment.