Counsel Portfolio Services has appointed Timbercreek Asset Management as the sub-advisor for Counsel Global Real Estate.
Timbercreek will assume sub-advisory responsibilities on or about 7 July 2014.
As an enhancement to the existing mandate, for diversification purposes, Counsel Global Real Estate may now also invest in preferred equity securities and fixed income securities issued by real estate companies at times that the portfolio manager deems appropriate. These strategies are intended to maximise return, reduce volatility, and preserve capital.
Counsel Global Real Estate is an underlying fund to Counsel Conservative Portfolio, Counsel Conservative Portfolio Class, Counsel Regular Pay Portfolio, Counsel Balanced Portfolio, Counsel Balanced Portfolio Class, Counsel Growth Portfolio, Counsel Growth Portfolio Class, Counsel All Equity Portfolio, Counsel All Equity Portfolio Class, Counsel Managed Yield Portfolio, Counsel Managed High Yield Portfolio, Counsel Income Managed Portfolio, and Counsel World Managed Portfolio.