Today news
About the same in other media
Update: LGIM proposes open-ended property fund restructure to hybrid model
Reading now: 300
If the changes are approved, L&G PAIF will reduce its current 80% exposure to direct property investment to around 45%, ringfencing the fund from the ongoing Financial Conduct Authority consultation on direct property funds, which is targeting strategies with greater than 50% direct property exposure. The fund will also reduce its current 20% cash balance, instigated following the widespread 2020 suspensions to offer better liquidity to investors, to 10% with the remaining 45% of the fund invested in REIT shares. Hugh MacTruong, senior distribution strategy manager at LGIM, told Inves...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
Brazil’s finance minister proposes global tax on the super-rich at G20 meeting in Sao Paulo abcnews.go.com /8 months ago
Fidelity to merge Global Property fund into Global Enhanced Income vehicle as manager exits investmentweek.co.uk /8 months ago
Digital 9 Infrastructure proposes investment policy change amid managed wind-down investmentweek.co.uk /8 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
