Scotia Private Client Group launches Scotia Private Real Estate Income Pool
Scotia Private Client Group has launched the Scotia Private Real Estate Income Pool.
The pool is offered as part of Scotia Private Client Group's Private Investment Counsel offering and is suitable for investors seeking income and long-term capital growth through exposure to the North American real estate market.
"Scotia Private Client Group continues to strategically expand our product offerings to cater to the needs of high net worth investors," says Tuula Jalasjaa (pictured), managing director and head, private client investments at Scotia Private Client Group. "Scotia Private Real Estate Income Pool is well positioned for the current low interest rate environment, offering attractive yield potential with enhanced diversification and lower volatility."
Scotia Private Real Estate Income Pool is managed by Oscar Belaiche, vice president and portfolio manager, and co-managed by Tom Dicker, portfolio manager; both members of the equity income team at GCIC.
"Real estate investment trusts offer some of the better opportunities to weather a slowing global economy and dramatic market swings," says Belaiche. "The key to Reits is that aging baby boomers need income in the current environment to fund retirement, and that will drive demand for companies with predictable cash flow regardless of whether there are concerns about the market."
Scotia Private Real Estate Income Pool invests in a concentrated portfolio of North American equity securities, including Reits of businesses that own and/or operate a wide variety of real estate properties.
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