Columbia Threadneedle launches a global equity fund focused on the real estate sector
18 NOV, 2025
By Joanna Piwko from RankiaPro Europe
Columbia Threadneedle Investments announced today the launch of the CT (Lux) Global Real Estate Securities Fund, a UCITS fund domiciled in Luxembourg whose aim is to outperform the FTSE EPRA Nareit Developed NR index.
The strategy seeks to take advantage of valuation inefficiencies in the global listed real estate markets through a high conviction relative value approach.
Investment strategy: extended alpha with long and short positions
Managed by Alban Lhonneur, the fund applies a conviction-based extended alpha strategy that combines approximately 130% long exposure and 30% short exposure in listed real estate stocks and REITs. This structure allows managers to express both positive and negative views in a universe of over 350 real estate companies.
Stock selection is based on research and valuation, with decisions driven by bottom-up and comparative analysis. By combining corporate information from similar companies with thematic perspectives, the team seeks to identify inefficiencies and build a high conviction portfolio.
Management team and REIT market outlook
According to the firm, the fund has one of the most experienced teams in Europe in listed real estate, with a solid track record in extended alpha, long only and market neutral strategies. Among their references stand out the management of the oldest real estate securities hedge fund in Europe and the TR Property Investment Trust, the largest European investment trust in real estate stocks.
The launch reflects Columbia Threadneedle's confidence in the prospects of REITs, backed by conservative balance sheets, solid cash flows in sectors with limited supply and signs of rental growth in prime assets across all segments.
Following the success of our UK-domiciled Global Real Estate Securities strategy with “extended alpha” launched in 2013, we are pleased to be able to respond to investor demand with a US dollar-denominated version, enhanced with integrated ESG analysis, ensuring its classification as an Article 8 fund under the SFDR. This classification reflects our commitment to promoting environmental and social characteristics within our investment process. We look forward to sharing this new fund with the market.
Marcus Phayre-Mudge, Director of Real Estate Investment at Columbia Threadneedle Investments
