Finance structure of Viento Property Investments
There has been significant media coverage recently regarding the subprime mortgage market in the US and the impact it is having on investment products which have exposure to the subprime market.
Whilst the subprime market may affect the overall Australian economy, we would like to reassure investors that all Viento Group Syndicates and the Viento Diversified Property Fund have direct financing agreements with major Australian Financial Institutions (National Australia Bank, AXA or Commonwealth Bank of Australia) and have no direct exposure to the US sub-prime market or securitised debt.
Our borrowing arrangements incorporate long term strategies with interest rate management processes in place (including fixed rates or hedging).
The Viento Diversified Property Fund has exposure of less than 0.3% of the total asset portfolio to Listed Property Trusts (LPTs). |
