The LM Australian Income Fund – Currency Protected Lux will invest in Australian-registered commercial, residential, industrial and retail property mortgages as well as vacant land and cash. LMIM says the fund will target “very low volatility”.
The fund will function as a feeder fund of the LM Australian Income Fund – Currency Protected (Master Fund). The minimum investment is €5,000, while the master fund has an AMC of 1.5%.
LM says the master fund has consistently outperformed against major cash rates since inception – by 3% to 4.75% against GBP and 2% to 3.75% against EUR.
“Many European investors are looking further afield for growth and returns, and Australia is the logical choice. The Australian property market is one of the world’s best performers,” said LM founder and CEO Peter Drake.
“Australia’s residential, commercial, office property and retail property markets continue to be driven by demand with property values holding or rebounding, which presents continued, strong opportunity for the fund.”
