Harbour homes in on real estate

Portfolio manager Shane Solly says the fund will invest in New Zealand and Australian real estate assets, and it has the ability to invest into other markets and even unlisted property.

Harbour has launched the fund as it expects a wider range of volatility in markets. It remains positive on company earning and equity markets, but wanted to offer investors a fund in a market where there will be less volatility.

The fund will be actively managed and there is the ability to add value in this area because of wide variance in returns from listed property securities. 

“Harbour’s research shows that listed real estate may not be the passive investment class that many investors think it is,” Solly says.