MichaelDes
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FinFacts. See here for - More information
Feb 29, 2008 - 1:34: PM.
"AIB Private Banking has launched a pan-Asian property investment product, AIB MT Fund Asia Private Ltd., offering individual, pension fund and corporate investors an opportunity to participate in the growth of the Asian property market. AIB is targeting an internal rate of return in excess of 12% per annum over an expected term of eight years. It will offer AIB investors access to a diverse range of properties from commercial to residential across a growing economic region, in developed Asian economies such as Hong Kong, Taiwan, Singapore, Japan and South Korea, together with emerging Asian economies such as China India and Vietnam".
This is AIB's second launch in the Asian property market. The first "Alpha Pan Japanese Fund" seemed interesting but the charges were very high. So has anyone got any opinion on
(i) The choice of the investment strategy in Pan Asian Fund. Medium term does it represent a good investment. Are property values and fundamentals attractive?
(ii) Will these be affected by the credit crunch?
(iii) Most importantly - how is the original Alpha fund doing [launched March 2007]?
The "Pan Japanese fund" was over subscribed. Anyone invest in it? Anyone have information on how it is performing? In my opinion this will be the benchmark for the new fund. By contrast Oversea's property mall paints a somewhat bleak picture on Japanese property market
Wednesday, September 12th, 2007.
"The Topix Real Estate Index had fallen 27% since 10th June as investors worried that problems in the US market would mean that foreign investment in Japan’s property market would dry up. So where is the Japanese real estate market heading? The Japanese angle on the problems in the financial markets is different in important ways. For example, the Yen carry trade, which has been so important for private equity investments, is probably coming to an end, and thousands of Japanese investors switching back to their own currency could be a good thing for the country’s real estate sector (they certainly weren’t going to buy any of it with New Zealand dollars). This could also start to benefit from the characteristic Japanese saving habit if higher interest rates make the Japanese feel richer and more confident. Even in the middle of last month’s panic the Tokyo office vacancy rate fell to 2.98%, it’s lowest level for 15 and a half years".
Good idea but do they have the experience within these markets to make good choices and are the timing now right?
Feb 29, 2008 - 1:34: PM.
"AIB Private Banking has launched a pan-Asian property investment product, AIB MT Fund Asia Private Ltd., offering individual, pension fund and corporate investors an opportunity to participate in the growth of the Asian property market. AIB is targeting an internal rate of return in excess of 12% per annum over an expected term of eight years. It will offer AIB investors access to a diverse range of properties from commercial to residential across a growing economic region, in developed Asian economies such as Hong Kong, Taiwan, Singapore, Japan and South Korea, together with emerging Asian economies such as China India and Vietnam".
This is AIB's second launch in the Asian property market. The first "Alpha Pan Japanese Fund" seemed interesting but the charges were very high. So has anyone got any opinion on
(i) The choice of the investment strategy in Pan Asian Fund. Medium term does it represent a good investment. Are property values and fundamentals attractive?
(ii) Will these be affected by the credit crunch?
(iii) Most importantly - how is the original Alpha fund doing [launched March 2007]?
The "Pan Japanese fund" was over subscribed. Anyone invest in it? Anyone have information on how it is performing? In my opinion this will be the benchmark for the new fund. By contrast Oversea's property mall paints a somewhat bleak picture on Japanese property market
Wednesday, September 12th, 2007.
"The Topix Real Estate Index had fallen 27% since 10th June as investors worried that problems in the US market would mean that foreign investment in Japan’s property market would dry up. So where is the Japanese real estate market heading? The Japanese angle on the problems in the financial markets is different in important ways. For example, the Yen carry trade, which has been so important for private equity investments, is probably coming to an end, and thousands of Japanese investors switching back to their own currency could be a good thing for the country’s real estate sector (they certainly weren’t going to buy any of it with New Zealand dollars). This could also start to benefit from the characteristic Japanese saving habit if higher interest rates make the Japanese feel richer and more confident. Even in the middle of last month’s panic the Tokyo office vacancy rate fell to 2.98%, it’s lowest level for 15 and a half years".
Good idea but do they have the experience within these markets to make good choices and are the timing now right?