The company aims to increase the size of an open-end funds, private investment and real estate for 500 million yen (6.4 billion) of about 30 billion yen in the next 10 years, said Tetsuji Arimori, president of Mitsubishi Investment Advisors Inc. Jishi, headquartered in Tokyo, the units of asset management, wealth Mitsubishi. The asset manager will purchase the property from his father and other owners, he said.
This compares with 12 percent in Australia and 6 per cent in the UK, according to a report by UBS Global Asset Management. The fund was created in March as part of the goal of long-term business to more than double the total assets managed 5000000000000 yen in 2020. Mitsubishi Estate is betting on the need for Japanese pension increase its real estate assets, which are now only 1 percent of its 2.46 trillion dollars of investment.
survey conducted in May Thirty-one percent of the 135 pension funds plan to increase their alternative investments such as real estate for the period April 1, according to JPMorgan Asset Management (Japan) Ltd. Japanese funding of pension plans to invest in a greater variety of products, after two decades after the fall comes home and the age of the population of the nation.
established a fund of 20 billion yen in November and plans to double its capital to 40 billion yen at the end of March 2012, the company said. Nomura Real Estate Holdings Inc., Mitsubishi Estate was the second largest company in Japan to create an open-bottom property.
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