The TM Hearthstone UK Residential Property Fund is managed by David Gibbins and was launched last July. It currently has around £28m under management which it invests in private rented sector housing across the UK.
It is the first FCA regulated residential property fund that can also be placed into an efficient tax wrapper.
It aims to beat its benchmark, LSL Acadametrics House Price Index, by +2%. Its performance over the past six months is shown in the graph below.
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Michelle Woodburn, head of fund group relations, Cofunds, said: "Hearthstone will provide our clients with considerable access to the UK residential property fund market as it operates the first FCA regulated residential property fund that can also be placed into an efficient tax wrapper. That’s why Hearthstone is a great addition to our ever growing range of boutique fund groups on the platform providing innovative fund solutions."
Last week we revealed how competition in the platform market is intensifying as the top players lose market share to smaller new entrants.
