SWIP launches new property fund

The Scottish Widows Investment Partnership (SWIP) will be offering a new property fund, the UK Balanced Property Trust Limited. Investors will have the opportunity to get access to direct commercial property exposure. A closed ended Guernsey registered company and listed on the London Stock Exchange and Channel Islands Stock Exchange, the fund will offer a gross dividend yield of 7% per annum payable quarterly. With a single share structure, the fund will be on offer as from the 11 February and dealing will start on the 20 March 2002. There are also plans to offer the fund as a ...