News

Investment Association splits property fund definition

By 2018-06-13T12:15:00

Galina Dimitrova director of investment and capital markets at the IA

The Investment Association has split its definition of property sector funds into two – ‘UK direct property’ and ‘property other’.

The funds in the UK direct property sector will invest at least 70% of their assets directly in UK property over five-year rolling property. Funds in the property other sector will not meet this requirement but will invest in other property related-assets such as property securities or other funds.

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