AXA Investment Managers has created a new investment fund for institutional investors focused on residential properties. The company said its Immoresidential vehicle has a target size of up to EUR 1.8 bn and will be managed by Ulf Harald Koepke. 'Institutional investors' interest in housing units has grown noticeably on the back of more volatile markets', said Koepke, adding that investors such as insurance companies, pension funds and banks are attracted by the higher stability of these types of assets.
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