F&C UK Property Fund converted to PAIF
BMO Global Asset Management has converted the £260m F&C UK Property Fund to a Property Authorised Investment Fund (PAIF).
BMO Global Asset Management has converted the £260m F&C UK Property Fund to a Property Authorised Investment Fund (PAIF).
Legal & General Investment Management’s Solutions capability drove the firm’s assets under management up 12% year-on-year, according to the group’s interim results.
The UK mid cap space is no longer a valuation haven say industry experts, but there is still potential for earnings growth.
Investor sentiment continues to lean towards defensive assets as UK Equity Income and Property remain the best-selling sectors, as shown in FundsNetwork study of June sales data.
Brooks Macdonald’s discretionary funds under management edged closer towards the £7.5bn mark with a 13.1% increase in the year ending 30 June.
UK commercial property is the ideal haven if there is a wobble in bond and equity markets, say Standard Life’s Bambos Hambi and LGIM’s Justin Onuekwusi.
Coutts has given a vote of confidence to UK property despite the continued squeeze on yields.
The UK commercial property growth cycle is spreading away from London, according to industry experts.
UK Equity Income represented both the most-popular IMA sector and most-bought fund in May, according to Cofunds.
As Greece and its creditors continue to play bluff and counter-bluff ahead of the deadline for its International Monetary Fund payment, property funds have rarely been more in favour.
Marcus Phayre-Mudge, head of property equities at F&C, remains as bullish as he was last year on the outlook for real estate equities, particularly as assets step off the travelator of yield compression and stepping onto one of rental growth. Speaking to Portfolio Adviser during the PA Summer Congress 2015, Phayre-Mudge said the likely impact…
The UK care home market is undoubtedly a niche one but it still throws up plenty of opportunities for those investors looking for sustainable levels of income – and it is so much more than a play on property.