Property investment and management company Arlington Securities has announced the launch of its UK Fund of Funds, which will become the second sub-fund in its Fund of Funds umbrella product. The new Arlington product will invest in funds with a low-to-medium risk profile and will target to outperform the HSBC/AREF All Balanced Fund Index by 50 basis points per annum on a 3-year rolling basis. It has target equity of £250 mln (EUR 381 mln).