Asset manager Global Investors has launched a diversified fund to invest in private real assets.
The Principal Diversified Select Real Asset (DSRA) fund, the manager鈥檚 first interval fund, will primarily invest in assets, including infrastructure, natural resources, and real estate.
The closed-ended fund is structured as an interval fund, which means it conducts quarterly repurchase offers of no less than 5% of the fund鈥檚 outstanding shares at net asset value, the manager said.
Mike Beer, executive director of Principal Funds, said: 鈥淭his launch reflects Principal鈥檚 commitment to meeting growing client interest and demand for products that offer access and exposure to diversifying private assets.
鈥淭hroughout 2019, we have encouraged clients and investors to reevaluate risk within their portfolios. Offerings like DSRA are designed to help investors address market uncertainty and volatility.鈥�
