Nottinghamshire selects property tracker fund

December, 2018 Print

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The Nottinghamshire County Council Pension Fund has given a £22 million mandate to Kames Capital for its commercial property tracker fund.

The Kames Active Beta Property Fund is run solely for UK pension schemes and is believed to be the first property tracker fund of its type. It aims to enable investors to track property market returns, with carefully controlled levels of risk, by investing in a wide range of underlying property funds. Nottinghamshire CC Pension Fund senior accountant, pensions & treasury management, Tamsin Rabbitts, commented: “Investing in the Kames Active Beta Property Fund enabled us to quickly raise our weighting to UK commercial property and achieve immediate diversification without the additional governance time associated with appointing more fund managers.” Kames Capital chief investment officer, Stephen Jones, said: “We believe the fund offers an efficient solution for LGPS investors who wish to manage their property market exposure through the pooling process.”

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