The Investment Property Databank (IPD) has taken over the production of the HSBC Pooled Property Funds publication from HSBC Global Asset Management. The publication, which is widely regarded as the most authoritative guide to UK pooled property funds, is produced quarterly and currently contains information on 77 funds with an aggregate gross asset value of more than £50 bn.
The Investment Property Databank (IPD) has taken over the production of the HSBC Pooled Property Funds publication from HSBC Global Asset Management. The publication, which is widely regarded as the most authoritative guide to UK pooled property funds, is produced quarterly and currently contains information on 77 funds with an aggregate gross asset value of more than £50 bn.
The publication will be rebranded as IPD Property Fund Vision, and will continue to be delivered to subscribers and contributors alike.
Additionally, IPD will build upon the foundations already laid down by HSBC and AREF (The Association of Real Estate Funds) developing a service to further develop the transparency credentials of the Pooled Property Funds industry.
Guy Morrell, head of Multimanager at HSBC Global Asset Management (UK), said 'We started publishing Pooled Property Funds five years ago to increase the transparency for investors of the UK indirect property market. This is, however, no longer core to our business. Having expanded its coverage from 29 to 77 funds over the last five years, we wanted to find a respected organisation that would maintain its high quality. I consider that, as a market leader of providing property information, IPD is ideally suited to develop this product further.'
