M&G pans ‘idle’ cash in £2.4bn property fund update
CIO appears to make swipe at rivals with high cash buffers
CIO appears to make swipe at rivals with high cash buffers
Royalties and UK Residential added in shake-up
Weak bond yields sees selectors up allocations to real estate
Industry argues it can handle worst outflows since referendum aftermath
‘Difficult to replicate’ market competes with North America for proportion of top rated funds
Growing part of the investment market could soon have its own sector
Ucits funds best placed to withstand FCA changes for property and infrastructure
Regulations will require suspension if there is material uncertainty about 20% of fund’s holdings
Inflows at odds with negative sentiment towards UK assets
The Investment Association’s (IA) decision to divide its Property sector into two separate sectors will end “apple and pear” comparisons, although even within the new UK Direct Property sector there will be plenty of variation.
Legal & General Capital has boosted its commitment to UK residential property after acquiring full ownership of an Edinburgh-based housebuilder.
The lead fund manager on the Aberdeen UK Property fund is retiring from the business after 43 years in the sector.