Credit Suisse has launched the Credit Suisse Real Estate Fund Global, a product listed on the Swiss exchange and which is the first Swiss fund to make diversified investments in foreign real estate.

The fund will invest in Europe excluding Switzerland, Asia-Pacific and the Americas, a third in each region respectively. It is open to both private and institutional investors, with the first day of trading on 29 November.

Investor subscriptions have amounted to SFr231 million (around $250 million). The fund aims to deliver continuous investment returns through high-quality commercial property around the world.

The majority of net assets are hedged against currency fluctuations versus the Swiss franc.