Funds manager seeks Melbourne-based insto BDM

Westfield is more than half the Australian REIT market.

“So investors are saying ‘I’ll just take a global portfolio and remove my Australian REIT exposure and get it through a global product’, hence why we’ve changed the benchmark so it’s inclusive of

Australia.”

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Canada establishes new SWF amidst global push for nation-building investment

Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.

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