BC to launch property and income fund

BC Asset Management is to launch a property split-cap investment trust called Property Income & Growth Fund, writes Adam Lewis. BFS Asset Management has also confirmed it is to launch a property based income fund with Collins Stewart but as yet cannot release any of the specifics. BC's trust is aiming to go live on 25 May, after an institutional placing, with a fund size of £180m, of which by the end of its first year it aims to have 75% invested in UK property, and 25% in income shares. Richer Cross will run the property portfolio, while David Bruce and Michael Yeo will manage the in...