TR Property ups pan-European weighting

The TR Property Investment Trust is widening its equity portfolio onto a more pan-European basis, after its decision to adopt the SchroderSolomonSmithBarney European Property Index as its benchmark. The spread of the benchmark index is currently 54% UK and 46% Continental Europe. As at the end of September the trust held 14% of its assets in Continental European property shares. William Cochrane, chairman of the trust, said that this is now likely to expand to around 30% by next March. Cochrane said: 'Broadening the benchmark is adding diversity to the portfolio and reducing the w...