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Fat Prophets Global Property Fund

Fund Manager: Fat Prophets
Inception Date: Oct 10, 2017

The Fat Prophets Global Property Fund (FPP) IPO is now open through OnMarket Bookbuilds. If you are interested in applying for shares in the IPO you can do so here. OnMarketBookbuilds are currently offering the chance to win $2,000 to invest in any IPO for new members. After raising around $50m only a few months ago for their Global Contrarian Fund, Fat Prophets are back at it, recently launching their Global Property Fund. They are looking to raise up to $220m for their n ... [More]

Wealth management group Fat Prophets is launching a listed investment company focused on real estate investment trusts around the world, seeking to raise up to $220 million. The offer comes amid choppy trade for the local sharemarket, and particularly Australian property trusts. The S&P/ASX 200 A-REIT index has fallen 9 per cent over the past month as investors worry about a slowdown in the housing market and challenges facing retail landlords such as weak wages growth and the looming entry of Amazon. Fat Prophets highlighted the opportunity for Australian investors to access global REITs, which would otherwise require direct investing in international markets or unlisted funds. [More]

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