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CFS awards Deutsche AM $385m mandate

CFS awards Deutsche AM $385m mandate

Reporter
— 1 minute read

Deutsche Asset Management has been awarded a $385 million mandate to manage Colonial First State’s global real estate securities fund.

Colonial First State (CFS) appointed Deutsche Asset Management “based on its strong capability in the asset class and approach to identifying the fundamentals driving performance within a portfolio”, according to a statement.

CFS’ Global Real Estate Securities Fund aims for outperformance by identifying inefficiently priced securities relative to its peers, the statement said.

The fund will be managed by Deutsche AM’s global securities team of 19, led by Deutsche AM head of liquid real assets John Vojticek.

Head of Deutsche AM Australia and head of real estate securities, Asia-Pacific Chris Robinson said the team was looking forward to working with CFS.

“This is a great achievement for our real estate securities business, recognising our deep history of delivering strong, stable outperformance and unique investment approach,” Mr Robinson said.

 

CFS awards Deutsche AM $385m mandate
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