Tuesday 5th March 2019
The Investment Association (IA) and the Association of Real Estate Funds (AREF) have today announced that the two organisations have signed a memorandum of understanding that AREF will become a member of the IA.
This new partnership will enable the IA to better represent all aspects of the property fund industry and the savers and investors who are its customers. Property funds are an important part of the investment market, with AREF representing over 65 members which look after around £72 billion assets under management.
By combining their resources and expertise, the IA’s and AREF’s members will benefit from an expansion of their member services.
In keeping with other recent partnerships, such as Investment20/20 which joined the IA family last May, AREF will retain its distinct brand identity. AREF will continue to focus on promoting best practice in governance and transparency amongst fund members.
AREF will also grow its programme of training and topical events for members, tapping into the IA’s resourcing and expertise, as well as providing in-depth policy advice, supported by the IA’s wider knowledge on the fund market.
Chris Cummings, Chief Executive of the IA:
“I am extremely pleased to announce that AREF will be joining the IA family. Bringing the various components of the funds industry together will enable us to focus our resources on building a globally competitive and forward-looking industry.
“Property funds are a crucial part of the investment landscape, both for retail and institutional investors. AREF’s deep knowledge of this sector will undoubtedly benefit the IA’s members as well as the savers and investors our industry serves.”
John Cartwright, CEO of AREF:
“AREF and the IA have had a longstanding relationship and this new partnership takes that relationship to a new level by combining the expertise of both organisations. We look forward to working with the IA to expand our reach and grow our member offering.”
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Notes to the Editors:
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About the Investment Association (IA)
About the Association of Real Estate Funds