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Launch of new intelligent property fund |
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Seven Continent Investment (7Ci) revealed the launch of a new higher yielding global intelligent property fund last week, a world first
The fund, the first in a series to be launched by 7Ci, eliminates the high fees normally associated with fund transactions and brings private Banking standards to the fund investor.
If the investment company succeed in their aim then the fund will create these higher yields from purchasing assets at their true value, owning to the reduction of layering costs of stock brokerage charges, multiple custodian fees, settlement charges and agent’s fees.
The fund will comprise properties from at least three geographical regions and will comprise a minimum of three different currencies. The maximum number of shareholders will peak at 70 and the fund itself will close after six months, proceeding to run for five years at which point the properties will be sold and the profits returned to the investors |
