Old Mutual Capital has launched the Old Mutual Heitman Global Real Estate Securities Fund, which will invest in securities of global real estate companies. The fund might invest in common stocks, preferred stocks, convertible securities and other equity securities such as real estate investment trusts and similar entities. The fund will invest in at least three regions on average, including the U.S., mostly in developed market nations. It will allow up to 15% of assets to go toward emerging markets.

Old Mutual Capital is the investment adviser to the fund that tapped Heitman-U.S., Heitman Europe and Challenger as sub-advisors. “The fund’s stock selection is driven by the sub-advisors’ common view of underlying regional trends and opportunities, as well as by fundamentals-based stock selection,” said Timothy Pire,