MONUMENT, Colo., Jan. 25, 2012 /PRNewswire/ -- Advisors Asset Management, Inc. ("AAM"), a trusted investment solutions provider partnering with financial advisors and broker-dealers, announced today that it will act as "a sub-distributor" of the Versus Capital Multi-Manager Real Estate Income Fund (the "Fund"), the first publicly registered Investment Company Act fund to provide individual investors with access to institutional real estate managers and funds.
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Versus Capital Advisors LLC (the "Adviser"), an investment adviser focused on multi-manager institutional real estate investments, will act as adviser to the fund. Callan Associates, one of the largest independently owned investment firms in the country, will serve as sub-adviser.
"Our relationship with Versus is indicative of our efforts to provide advisors with investment solutions that help them deliver more diversified portfolios to their clients," said Andrew Williams, President of AAM. "Investors are increasingly seeking new sources of portfolio income while demanding the regulatory scrutiny that a post-Madoff world requires. We believe the Versus Capital Multi-Manager Real Estate Income Fund delivers on both counts."
The Fund's primary objective is to seek consistent current income, with a secondary objective to seek capital preservation and long-term capital appreciation by allocating capital primarily among a select group of institutional asset managers with expertise in managing portfolios of real estate and real estate-related securities. These are asset managers that have typically been reserved for institutional investors such as foundations, pensions, endowments and other institutions.
"We developed this Fund to give investors access to institutional direct real estate funds, a meaningful part of many wealth management portfolios, in a structure that removes many of the barriers typically associated with other direct real estate products," said Mark D. Quam, CEO of Versus Capital. "Investments in real estate provide meaningful advantages for investors, including income-oriented returns, portfolio diversification and a potential hedge against inflation."
The Fund directly addresses the need for low-minimum real estate investment vehicles and offers investors transparency not found in many other direct real estate products. The Fund additionally features no upfront fees, daily NAV pricing and potential quarterly liquidity.
"We are excited to build this relationship with Versus and offer advisors a true alternative to non-traded REITs," Mr. Williams said. "Our independence allows us to team with high-quality managers, offering innovative products to deliver truly diversified solutions to advisors, helping them grow their business and remain competitive for the future."
For more information about Advisors Asset Management, please contact Chris Moon of JCPR at 973-850-7304 or via email at [email protected].
About Versus Capital Advisors
Versus Capital Advisors LLC, is an investment adviser registered under the Investment Advisers Act of 1940, exclusively focused on building and managing multi-manager real estate and alternative investment platforms that seek to have an income oriented return focus and low correlation to the broader stock and bond markets. Versus Capital builds these platforms to give individual investors access to institutional managers once reserved for foundations, endowments, pensions and other institutions. For more information, please visit http://versuscapital.com/.
Advisors Asset Management
For more than 30 years, Advisors Asset Management, Inc. (AAM) has been a trusted investment solutions partner for financial advisors and broker-dealers. AAM provides a diverse range of innovative, high quality products and support services that enable advisors to meet their clients' needs. It offers access to the fixed income markets, as well as portfolio analytics, unit investment trusts (UITs), exchange traded funds (ETFs), structured products, separately managed accounts (SMAs) and alternative investments. In addition, the firm offers highly specialized sales support services to advisors on an ongoing basis. AAM has ten major offices across the nation and partners with more than 90 broker-dealers and over 35,000 financial professionals. AAM is a broker-dealer, member FINRA/SIPC and SEC-registered investment advisor. For more information, visit www.aam.us.com.
Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Fund carefully before investing. For a prospectus which contains this and other information relevant to an investor in the Fund, please contact AAM at 866.930.2663. Investors should read the prospectus carefully before they invest or send money.
The Fund is a newly formed entity with no significant operating history upon which prospective investors may evaluate the Fund's potential performance. The Fund's investments may be negatively affected by the broad investment environment in the real estate market, the debt market and/or the equity securities market. Real estate is subject to special risks, among which are tenant default, environmental problems, and adverse changes in local economic conditions. The Fund is "non-diversified" under the Investment Company Act of 1940 since changes in the financial condition or market value of a single issuer may cause a greater fluctuation in the Fund's net asset value than in a "diversified" fund. The Fund is not intended to be a complete investment program. You should not expect to be able to sell your shares of beneficial interest of the Fund (the "Shares") other than through the Fund's repurchase policy, regardless of how the Fund performs. The Fund does not intend to list its Shares on any securities exchange during the offering period, and the Fund does not expect a secondary market in the Shares to develop. As a result of the foregoing, an investment in the Fund's Shares is not suitable for investors that require liquidity, other than liquidity provided through the Fund's repurchase policy. The success of the Fund depends in large part upon the ability of the Adviser to choose successful institutional asset managers (the "Investment Managers") and upon the ability of the Adviser and the Investment Managers to develop and implement investment strategies that achieve the Fund's investment objectives.
AN INVESTMENT IN THE FUND IS SUBJECT TO A HIGH DEGREE OF RISK. RISKS OF INVESTING IN THE FUND, INCLUDE, BUT ARE NOT LIMITED TO, THOSE OUTLINED ABOVE. THE PROSPECTUS AND SUMMARY PROSPECTUS, WHICH YOU CAN OBTAIN FROM THE SUB-DISTRIBUTOR, CONTAIN THIS AND OTHER INFORMATION ABOUT THE FUND INCLUDING RISKS, CHARGES, AND EXPENSES OF THE FUND AND SHOULD BE READ CAREFULLY BEFORE INVESTING.
Not FDIC Insured, No Bank Guarantee, May Lose Value.
CRN: 2011-1130-2888 R
CONTACT: |
Chris Moon |
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JCPR |
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973-850-7304 |
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SOURCE Advisors Asset Management
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