AMP Capital will manage China’s National Council for Social Security Fund’s (NCSSF) global listed REIT mandate.
The NCSSF portfolio will be invested in property securities listed on the Americas’, European and Asia Pacific sharemarkets.
It will be managed by AMP Capital head of global listed real estate, Matthew Hoult, and his team located in Sydney, Hong Kong, London and Chicago.
NCSSF is one of China’s largest institutional investors, it has almost RMB $1 trillion funds (more than AU $151 billion) under management.
“This mandate is a major milestone for AMP Capital in China and the region given the significance of NCSSF. It highlights the growing trend of Chinese offshore investing,” AMP Capital international business director, Anthony Fasso says.