Property
FCA bans six for UK property scheme scam
Six of the eight men found guilty last year of a UK property fund scam, which defrauded investors of around £4.3m ($5.24m, €4.78m), have been banned by the Financial Conduct Authority (FCA) from performing any function in relation to any regulated activity in the industry.
Middle East | 1 Nov 16
Saudi Arabia opens real estate fund trading to expats
Saudi Arabia’s Capital Market Authority (CMA) board has given the green light to foreigners in the Kingdom to trade Real Estate Investment Trusts (Reits) on the Saudi bourse.
Appeal of real estate trusts for income set to fade
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.
Investment | 21 Oct 16
M&G lifts property fund suspension
M&G Investments has announced it will resume trading in the shares of the £4bn M&G Property Portfolio and its feeder fund at noon on Friday 4 November.
US asset manager Cohen & Steers initiates UK push
American asset manager Cohen & Steers has initiated a fresh push into the UK investment market and plans to launch two new funds as part of the effort.