29 Sep

TIAA-CREF moves into Europe with UCITS fund launch

first_imgThe ESG bond fund will focus on US holdings, aiming to achieve an exposure to holdings with a “measurable” social or environmental outcome, she added.O’Brien said the ESG bond fund was likely to be of interest to those seeking exposure to impact investing.Asked whether the new fund launches marked an attempt by TIAA-CREF to further establish itself in the European market, she noted that the company was already known to a number of large asset owners through its agricultural funds. She declined to state the company’s expectations for investments over the first year of each fund’s lifetime, saying only that “strong” demand was expected. TIAA-CREF is set to grow its European institutional presence following the launch of three new UCITS fund strategies.Managed by Nuveen Investments, a subsidiary of the US financial services company, the funds will invest in bonds and global equity with an environmental, social and governance (ESG) focus, and give investors access to emerging market debt.Amy Muska O’Brien, head of TIAA-CREF’s responsible investment team, said the ESG funds would focus on companies deemed “best in class” under its screening procedures.Speaking about the ESG equity strategy, O’Brien said: “The strategy has been offered in the US for some time, and the same [portfolio management] team will be running the strategy as well.”last_img read more

28 Sep

Pets must be addressed in law review

first_imgChanges might be on the way.IT won’t be a surprise to many that the Government is reviewing the residential rental legislation, the Residential Tenancies and Rooming Accommodation Act (2008), looking to update the decade-old laws to reflect today’s rental market and address some of the issues faced by renters and landlords, writes REIW Townsville Zone chair Wayne Nicholson.In Townsville, our rental market is a little weak, with vacancies at 4 per cent. In reality, this means that tenants have some considerable negotiating power when they are discussing the terms of the lease. How Kylie Jenner is cashing in MORE: Property market hit by the Tinder effect Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:01Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:01 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p270p270p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenAndrew Winter: How to buy the right apartment01:01 More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020The laws are more than a decade old..How many of them choose to exercise that negotiating power is in getting lower weekly rents and this is great news. This is the market operating in a healthy way as the forces of supply and demand intersect. In a weak market landlords must meet the market and if there are lots of properties for renters to choose from then landlords must compete with each other to attract those tenants. MORE: Late bookmarker’s home a hot ticket How one agent is worming himself into the market There’s no doubt that both renters and landlords can find the current legislation frustrating. Pets in rentals is a common friction point. Currently there is a small percentage of landlords who welcome pets in their rental properties. This is partially a reflection of the Act. Landlords and tenants are prohibited from contracting out of the Act to find a mutually agreed position on pets in rental properties. If landlords were permitted, for example, to include a pet bond that would return the property to the same state it was in prior to the pet moving in, potentially more landlords would welcome pets into their property. The Government is seeking the views of landlords, tenants and property managers in this survey. They want to find a way to address the common areas of friction and find a way to frame legislation that improves the experience for everyone. In Townsville, our rental market is weak at the moment, but it won’t always be the case. Our vacancy rate has been steadily trending downwards as our market improves, for the past 18 months. What we need from the Government now is a legislative framework that puts the needs of a healthy rental sector at the top of its priority list. Claudia Karvan warehouse for salelast_img read more