Property investment and management company Arlington Securities has announced the launch of its UK Fund of Funds, which will become the second sub-fund in its Fund of Funds umbrella product. The new Arlington product will invest in funds with a low-to-medium risk profile and will target to outperform the HSBC/AREF All Balanced Fund Index by 50 basis points per annum on a 3-year rolling basis. It has target equity of £250 mln (EUR 381 mln).

Property investment and management company Arlington Securities has announced the launch of its UK Fund of Funds, which will become the second sub-fund in its Fund of Funds umbrella product. The new Arlington product will invest in funds with a low-to-medium risk profile and will target to outperform the HSBC/AREF All Balanced Fund Index by 50 basis points per annum on a 3-year rolling basis. It has target equity of £250 mln (EUR 381 mln).

Arlington said that its new Fund is designed to give institutional and high net worth investors the ability to invest in up to three distinct sub-funds, all of which are themselves funds of funds. 'This enables investors to build a highly diversified portfolio tailored to their own risk tolerances', the company added.

The Arlington UK Fund of Funds joins the Eurozone Fund of Funds launched in July 2006, and will be followed later this year by the Adventurous Fund of Funds, the third and last sub-fund in Arlington Fund of Funds umbrella product. This will invest in funds throughout Europe on a more opportunistic basis aiming to seek out more specialists and potentially higher returning funds.

Richard Gale, appointed the new Fund's manager, said this product responds to investors' interest to get diversified geographic and sector coverage in the UK through one single investment. 'The growth in the UK property market has led to an increasingly broad range of funds, particularly ones with a specialist strategy. Many investors find it hard to do the necessary research to cover all these funds, and to monitor them subsequently, and so are funding that a fund of funds run by an experienced manager is the best approach for them'.

Arlington Securities is part of Australian listed Macquarie Goodman Group and operates across the UK, European and international markets.