Index provider FTSE Group has licensed the FTSE EPRA/NAREIT Developed REITs Index to Lion Fund Management (Lion Fund). FTSE partnered with the European Public Real Estate Association and the National Association of Real Estate Investment Trusts to launch the index.
The index, which is part of the FTSE EPRA/NAREIT Global Real Estate Index Series, will be the benchmark for the qualified domestic institutional investor (QDII) fund specializing in real estate. Through the QDII fund, Chinese investors under the QDII scheme get a new opportunity to gain exposure to international real estate assets, such as hospitals, shopping malls and offices.
Click here for the release from FTSE Group.