09.10.2008 - Axa launches overseas property fund
From The Australian: Financial services group Axa, which moved out of listed property, has done an about-turn, launching a fund to invest in overseas property stocks. Axa chief investment officer Mark Dutton said the new fund offered Australian investors an opportunity to diversify. "It makes sense in the long term to invest in assets in other countries," Mr Dutton said. With seed investment from Axa, the fund had invested $90million in 91 global real estate investment trusts..... Full Article: Source