The decision is a result of the fund experiencing “a continued trend of net inflows” and will result in a performance boost of approximately 5%, the firm said.
This is the latest sign that the last vestiges of the UK property fund crisis are being swept away, and follows on from the lifting of the suspensions in trading that were implemented in the midst of the panic last summer in the build up to the Brexit vote, and its aftermath.
The pricing basis was changed from offer to bid in last after a period of net outflows, in order to “protect investors remaining in the funds.”
Don Jordison, managing director of property at the firm said: “We are pleased that the price basis of the funds is now back to offer. The change reflects investor recognition of the virtues and strength of property as an asset class. At Columbia Threadneedle we believe property should always form a part of a balanced portfolio.”
