TORONTO, Jan. 23 /CNW/ - Counsel Wealth Management (Counsel) today
announced the inclusion of global real estate securities as a new asset class
in Counsel Regular Pay Portfolio.
By investing in global real estate securities and further diversifying
the Portfolio, investors will be able to participate in an additional income
source. Given the relatively low correlation between global real estate and
other asset classes, coupled with its consistent income stream, this new asset
class will allow investors to enjoy more stable returns over the long-term.
Counsel also announced the appointment of Citi Property Investors (Citi),
a division of Citigroup Alternative Investments LLC, to manage the global real
estate component of Counsel Regular Pay Portfolio. "Citi was selected after
conducting a rigorous due diligence exercise to identify the ideal manager for
the component," says Sam Febbraro, Counsel's President and CEO. "Citi's global
presence and strong on-the-ground knowledge of local markets give them the
ability to thoroughly research and understand local real estate market risks
and developments, making it a strong partner for Counsel investors", adds Mr.
Febbraro. Global real estate is targeted to account for up to 10% of Counsel
Regular Pay Portfolio.
Simultaneously, Counsel has also introduced an international component to
Counsel Regular Pay Portfolio. For this international component, Counsel will
invest in Mawer World Investment Fund, an international growth mandate and
Brandes International Equity Fund, an international value mandate. Mawer and
Brandes are long-standing Counsel partners and currently benefit the
international component of several other Counsel Funds and Portfolios.
"Citi, Mawer and Brandes are valuable additions to the existing
investment team on Counsel Regular Pay Portfolio," Mr. Febbraro says. The
current investment team is RBC Asset Management Inc., Acuity Investment
Management Inc., Dreman Value Management, LLC and Marsico Capital Management,
LLC. The addition of Citi, Mawer and Brandes will contribute positively
towards increasing the management style diversity and asset class diversity of
In addition, to allow for the potential to increase the geographic
diversity of Counsel Conservative Portfolio, and to capitalize on the
elimination of the foreign content limit, Counsel has increased the foreign
content limit for the Portfolio so that it may invest its assets directly
through underlying mutual funds in foreign securities.
About Counsel Wealth Management
Counsel Wealth Management is a wholly-owned investment management firm of
Investment Planning Counsel Inc., and manages approximately $2.3 billion in
total assets. Counsel was formed to support the partnership between financial
advisors and their clients by providing comprehensive, objective portfolio
solutions utilizing the strength and expertise of independent portfolio
advisors and sub-advisors.
For further information:
For further information: Catharine Marion, Environics Communications, P:
(416) 969-2809, E: firstname.lastname@example.org