PATRICK Armstrong, joint head of multi-manager for Insight Investments, has taken a 2pc position in a Japanese residential property investment trust in the £81m Diversified Target Return fund.
Armstrong said the Japanese residential market was coming out of a bear market and prices were appreciating for the first time in many years. “The market there is at a much earlier stage in the cycle...
Also unveils trust IPO raised £100m
Paul Bruns and Elaine Parkes
3,000 left to transfer
Record numbers of people aged 90 plus