Legal and General has capitalised on the new Isa rules for property funds with the launch of the L&G UK Property unit trust. Aiming to deliver income and capital growth, the fund was launched at the end of February and invests in a diversified portfolio of commercial property, including retail, office and industrial sectors. The portfolio launched with 37 properties and is managed by Michael Barrie, who is the director of the L&G property division. Targeting an initial 5.4% property yield, the fund was launched with &105m of assets, &100m of which is in property assets with the other &5m...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
