Insurance News Archive
Advisers recommending property funds
Increasing numbers of advisers in the UK are recommending property funds to their clients, according to new research.
A survey by Fidelity International shows that property funds, commercial property securities including real investment property trusts (Reits) and direct property investments are the most popular suggestions.
Figures show that more than 300 advisers surveyed thought that commercial property should account for at least ten per cent of a client's portfolio.
"It is interesting to see the continued growing interest in property funds, from both advisers and investors," said Fidelity's Peter Hicks.
Research also shows that fourteen per cent of advisers are already recommending property securities funds and this is expected to rise as Reits become more popular.
It is thought that Reits will be launched in January 2007 to provide an affordable way for people to invest in property.
Mr Hicks concluded that with the introduction of Reits, property securities are likely to form a "much larger part" of commercial property investment for Brits.
© Adfero Ltd
21 Apr 2006