Neuberger Berman Launches Global Real Estate Securities UCITS Fund

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EMEA, Joanna Pope 44 20 32 14 9087, Joanna.Pope@nb.com
Alexander Samuelson, 212.476.5392, Alexander.Samuelson@nb.com

London, February 3, 2015 — Neuberger Berman, one of the world’s leading employee-owned investment managers, today announced the launch of the Neuberger Berman Global Real Estate Securities Fund (the ‘Fund’), a sub-fund of its Irish-Domiciled UCITS fund umbrella, Neuberger Berman Investment Funds plc, effective immediately.

The Fund offers investors access to the growing global real estate securities market which has more than tripled in size since 1997¹. With historically competitive total returns and low correlation to fixed income securities, real estate securities appeal to investors seeking real returns in this low yield environment as well as the benefits of diversification.

The Fund invests in a diversified portfolio of global real estate securities with the aim of outperforming the FTSE EPRA/NAREIT Developed Index. The portfolio managers look to invest in companies with attractive combinations of well-established management teams, economies of scale and balance sheet strength. The portfolio will typically hold 50-70 securities, diversified by geographic region, countries and property sectors.

The Fund is managed by the Neuberger Berman Global Real Estate Securities Group led by Steve Shigekawa. The team has on-the-ground regional resources, with portfolio managers Steve Shigekawa and Brian Jones based in the US, Gillian Tiltman in Europe and Anton Kwang in Asia Pacific. The Group manages approximately $2.7 billion in AUM.

Steve Shigekawa, head of the Global Real Estate Securities Group commented: “This new fund is a natural extension of our existing US strategy and has been launched in response to increasing interest from clients for global strategies. We have the right people in the right locations to build a focused and differentiated global real estate portfolio.”

“We want to offer clients the opportunity to benefit from exposure to the global real estate securities universe. Global Real Estate as an asset class can support the creation of a well balanced portfolio by providing diversification, stable income and total return potential,” said Dik van Lomwel, Head of EMEA and Latin America at Neuberger Berman.

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 18 countries, Neuberger Berman’s team is more than 2,100 professionals and the company was named by Pensions & Investments as a 2013 and 2014 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $250 billion in client assets as of December 31, 2014. For more information, please visit our website at www.nb.com.