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AIB to launch Asian fund
29 Feb 2008
AIB MT Fund Asia Private will offer individual, pension fund and corporate investors an opportunity to participate in the growth of the Asian property market, Finfacts reports.
The fund will be invested in the Macro Trends Fund and will comprise around US$2.5 billion in property assets when fully invested, it was reported.
The fund invest in developed Asian economies such as Hong Kong, Taiwan, Singapore, Japan and South Korea, together with emerging Asian economies such as China India and Vietnam.
John Rockett, head of AIB Private Banking, said: "We are delighted to launch our second Asian investment opportunity, allowing our investors to benefit from the significant economic growth of the developing and emerging markets in Asia.
"The Asia Pacific region continued to be the fastest growing regional economy in 2007. The outlook for 2008 remains favourable with strong GDP growth forecast across the region.
"AIB MT Fund Asia gives our investors a great opportunity to access these growing economies. We have developed a very strong and successful working relationship with Alpha and look forward to working with them on this project."
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