UBS GAM announces Aussie farmland deal
UBS Global Asset Management has announced the launch of an Australian and New Zealand farmland investment advisory capability.
It has teamed up with farmland operational advisor Bydand Global Agriculture, which will provide farmland operational management advice to UBS.
The investment will be worth $1 billion over five years, and will concentrate on sectors like sheep, meat, beef and grain, with the support of local and international capital.
The capability will offer direct farmland ownership and exposure to operational outcomes through individual mandates.
Institutional investors can get either directly-owned and operated farmland, or directly-owned farmland operated by Australian farmers.
Head of global real estate for APAC Trevor Cooke said with Australia seeing growing demand for traceable food, especially from Asia, this farmland investment capability will look to get equity capital to expand agricultural sectors in Australia.
The capability will be managed from Sydney and Hong Kong by a farmland team.
Recommended for you
Infrastructure assets are well-positioned to hedge against global uncertainty and can enhance the diversification of traditional portfolios with their evergreen characteristics, an investment chief believes.
Volatility in US markets means currency is becoming a critical decision factor in Australian investors’ ETF selection this year.
Clime Investment Management is overhauling the selection process for its APLs, with managing director Michael Baragwanath describing the threat of a product failure affecting clients as “pure nightmare fuel”.
Global X will expand its ETF range of exchange-traded funds next month with a low-cost Australian equity product as it chases ambitions of becoming a top issuer of ETFs in Australia.
