Sonecho offers fixed-term property funds

Sonecho Wealth Management has launched two property funds for that both have a fixed term of five years, one investing in retirement homes and the other in student accomadation. The first will be the Residential Care & Close Care fund. This product aims to achieve capital growth through investment in a broad mix of UK nursing homes and the development of care apartments and care villages. A return in excess of 8% pa is hoped to be achieved and will be paid at maturity. The fund will only invest in physical properties and not in the shares of other property companies. Initially up to 75...