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
A growing trend of factor investing in ETFs has seen the rise of smart beta or factor ETFs, but Stockspot has warned that these funds likely won’t deliver as expected and could cost investors more long-term.
ASIC has released a new regulatory guide for exchange-traded products (ETPs), including ETFs, on the back of significant growth in the market.
Assets in Macquarie Asset Management’s active ETFs have tripled to $2 billion in the last six months, helping the division deliver a net profit contribution of $1.1 billion.
With property becoming increasingly out of reach for young Australia, Vanguard has proposed a tax-incentivised scheme to help cash-heavy individuals build wealth.
