Royal London to add commercial property vehicle to product range

Royal London Asset Management is to bring out a commercial property fund in the second half of 2003. The group is in the process of seeking FSA approval for money market and corporate bond funds, and a property fund is the the next logical step, according to David Hughson, deputy chief executive at the group. As part of its distribution strategy, the fund will be made available to Scottish Life International clients, who do not currently have a commercial property product available to them. Scottish Life and its offshore arm are part of the Royal London group. Royal London currentl...