Property funds return to favour for first time since Brexit
Inflows at odds with negative sentiment towards UK assets
Property
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IA Property sector split to end ‘apple and pear’ comparisons
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.
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L&G Capital takes full ownership of UK housebuilder
Legal & General Capital has boosted its commitment to UK residential property after acquiring full ownership of an Edinburgh-based housebuilder.
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Ferguson exits Aberdeen UK Property fund
The lead fund manager on the Aberdeen UK Property fund is retiring from the business after 43 years in the sector.
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Columbia Threadneedle’s property head Jordison to retire
Don Jordison, managing director of Threadneedle Property Investments, is to retire and leave Columbia Threadneedle on 1 May.
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Investors run to property exit door
Outflows from UK equity funds slowed in August, with property funds being the least popular among retail investors according to the Investment Association.
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RLAM launches £2.7bn property fund
Royal London Asset Management has unveiled a £2.7bn property fund, the largest launch of its kind, the firm has claimed.
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Seneca moves into property with £20m portfolio acquisition
Seneca is expanding into the property sector after acquiring a £20m portfolio of business centres in the North of England, the firm announced today.
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HMRC’s rules for IHT on downsizing property are ‘impenetrable’
New HMRC guidelines on how people can downsize their home but retain the value of their previous residence for inheritance tax reduction purposes have been branded ‘impenetrable’ by accountancy body the ICAEW.
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Schroders’ European property trust nears full investment after 17 months
The Schroder European Real Estate Investment Trust has said it is nearly fully invested, 17 months after it floated on the stockmarket.
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Former Aberdeen man joins Fidelity to boost real estate team
Fidelity International is pushing harder into property with the hire of another portfolio manager as it witnesses growing demand for the asset class.
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SLI’s Hambi moves to neutral on Europe and takes UK underweight
Signs of an improving global growth environment have prompted Standard Life Investment MyFolio multi-manager head Bambos Hambi to re-evaluate his outlook on Europe and stick to his guns on the US and UK.