Your IndustryAug 11 2016

Guide to property funds

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CPD
Approx.60min

    Guide to property funds

      pfs-logo
      cisi-logo
      CPD
      Approx.60min
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      Introduction

      By Simoney Kyriakou
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      Property funds hit the headlines in July, as one after another fund management group imposed temporary suspensions on their daily-dealing funds in the weeks after the UK voted to leave the European Union.

      But there were other property funds which did not suffer such short-term outflows, and many commentators called for calm consideration of the virtues of having property in some form or another within a diversified portfolio.

      This guide discusses the situtation which occurred immediately post-Brexit vote in UK commercial property funds; analyses the pros and cons of using open-ended property funds within portfolios; considers what role real estate investment trusts and other closed-ended funds can play within a retail investment portfolio; and how advisers can navigate the various legal, regulatory and suitability issues to put an appropriate investment strategy in place.

      Contributors of information to this guide: Russ Mould, investment director at AJ Bell; Mark Harris, chief executive of SPF Private Clients; Adrian Lowcock, investment director for Architas; Rob Gleeson, head of research for FE; Laith Khalaf, senior analyst for Hargreaves Lansdown; Martin Gilbert, chief executive of Aberdeen Asset Management; Hamish Pound, senior investment manager, and Elizabeth Chu, head of investment for IP Global; James Carthew, head of research for QuotedData; Doug Millward, director of Lowes Financial Management; Ben Willis, head of research for Whitechurch Financial Consultants; Jonathan Wilcocks, global head of retail sales at M&G; Phil Clark, head of property investing at Kames Capital; Adrian Gaspar, multi-asset investment specialist for the Prudential Portfolio Management Group; The British Property Foundation; the Property Industry Alliance; Morningstar; and the Financial Conduct Authority.

      simoney.kyriakou@ft.com