Appeal of real estate trusts for income set to fade

Appeal of real estate trusts for income set to...

Real estate investment trusts (Reits) may see total returns come off recent highs by the end of 2016, as energy infrastructure and dividend-paying stocks take the lead among equities that provide regular income, said Mark McAllister, senior portfolio manager at Clearbridge Investments, a Legg Mason affiliate.

Published : 24, Oct 2016
Harlequin Property enters insolvency to ‘protect investors’

Harlequin Property enters insolvency to ‘protect...

Harlequin Property SVG, the company behind the £400m ($509m, €454m) overseas property scheme, has officially entered insolvency proceedings, a decision likely to result in hefty losses for thousands of investors.

Published : 6, Oct 2016
Canada Life ends fair value adjustment on UK property funds

Canada Life ends fair value adjustment on UK property...

Canada Life has removed the fair value adjustment on property values in its commercial property funds imposed at the start of the month when it lifted a suspension of redemptions.

Published : 30, Sep 2016
UK property freeze thaws but open-ended fund days numbered

UK property freeze thaws but open-ended fund days...

Following suspensions of trading and value adjustments at most of the leading UK property funds in early July, September has seen the crisis abate to a large extent.

Published : 27, Sep 2016
SLI to reopen UK Real Estate Fund next month

SLI to reopen UK Real Estate Fund next month

Standard Life Investments has announced it will reopen the suspended UK Real Estate Fund and associated feeder fund from 12 noon on Monday, 17 October.

Published : 26, Sep 2016
Nedgroup rolls out global property Ucits fund

Nedgroup rolls out global property Ucits fund

South Africa's Nedgroup Investments has launched a global property fund, managed by Sydney-based real estate securities specialist Resolution Capital.

Published : 7, Sep 2016
UK to tighten IHT rules on non-dom offshore properties

UK to tighten IHT rules on non-dom offshore properties...

The British government plans to extend its inheritance tax (IHT) rules to cover properties held by non-domiciled residents in an offshore entity.

Published : 22, Aug 2016
Chinese lead in $27bn outbound property investment

Chinese lead in $27bn outbound property investment...

In the first half of the year, 60% of Asia’s outbound property investment was from mainland China, according to CBRE Asia-Pacific.

Published : 18, Aug 2016
Aviva says property trust will stay shut until 2017

Aviva says property trust will stay shut until...

Aviva Investors has advised that its property trust will stay closed to trading for another six to eight months.

Published : 10, Aug 2016
Aberdeen raises £115m for residential property fund

Aberdeen raises £115m for residential property...

Aberdeen Asset Management has raised £115m ($152.2m, €136m) of equity from UK pension funds to invest in the fast-growing UK private rented sector (PRS).

Published : 1, Aug 2016
Aberdeen has deeper problems than property outflows

Aberdeen has deeper problems than property outflows...

Aberdeen saw outflows of £1.5bn ($2bn, €1.8bn) from its property funds in the three months to June, but some analysts see this as merely a "sideshow" to deeper problems.

Published : 25, Jul 2016
Suspended UK property funds show model portfolio limitations

Suspended UK property funds show model portfolio...

The UK’s largest open-ended property funds gated flows or implemented exit charges to prevent a post-Brexit run on the asset class earlier this month, trapping £15bn ($19.8bn, €18bn) of investors’ cash and casting a cloud over the City. But many flexible investors were able to see the warning signs and evade the net, says David Coombs, Rathbones’ head of multi-asset investments.

Published : 22, Jul 2016
Aberdeen lowers dilution adjustment on UK Property

Aberdeen lowers dilution adjustment on UK Property...

Aberdeen has reduced the dilution adjustment on its UK Property Fund and its feeder unit on the back of slowing redemptions the firm said.

Published : 21, Jul 2016
L&G ups UK property fund valuation by 5%

L&G ups UK property fund valuation by 5%

The price of Legal & General’s UK Property Fund rose by 4.3% after repricing the charge it imposed on people who wanted to withdraw cash from the fund.

Published : 18, Jul 2016
AJ Bell relabels property funds in Sipps after suspensions

AJ Bell relabels property funds in Sipps after...

Self-invested personal pension (Sipp) provider AJ Bell has confirmed that it has reclassified the commercial property funds, suspended in last week’s market turmoil, as non-standard assets under the Financial Conduct Authority’s (FCA) upcoming capital adequacy rules.

Published : 13, Jul 2016
Aberdeen lifts trading suspension on UK property fund

Aberdeen lifts trading suspension on UK property...

Aberdeen Asset Management has lifted the trading suspension on the Aberdeen UK Property Fund.

Published : 13, Jul 2016
Concept of open-ended property funds is absurd – Seneca

Concept of open-ended property funds is absurd...

Last week’s suspension of several daily-traded, open-ended property funds demonstrates that the concept is ‘absurd’, according to Seneca Investment Management.

Published : 12, Jul 2016
BofE considers new measures to halt property fund closures

BofE considers new measures to halt property fund...

The Bank of England is looking to impose new measures in a bid to stem the flow of property fund suspensions in the wake of last month’s Brexit vote.

Published : 11, Jul 2016
LGIM, Aberdeen levy exit penalties on UK property funds

LGIM, Aberdeen levy exit penalties on UK property...

Aberdeen Asset Management and LGIM have announced a 17% and 15% value cut on their respective commercial property funds, following suspensions on trading by the UK’s largest property funds.

Published : 7, Jul 2016
Henderson, Columbia Threadneedle join UK property fund freeze

Henderson, Columbia Threadneedle join UK property...

Henderson Global Investors and Columbia Threadneedle have announced they have suspended all trading in their respective UK property authorised investment funds (Paifs) and feeder funds, the firms said on Wednesday.

Published : 6, Jul 2016

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