Wealth managers have been adding floating rate funds to portfolios as they seek more flexible alternatives to short duration bond offerings.
Embattled property fund house Brandeaux has admitted the net asset value on its suspended £900m Student Accommodation fund is likely to be 4% less than anticipated, while the £92m Ground Rents fund will lose 5% of its NAV.
Foresight Investment Group has launched a solar fund targeting a 6p dividend on the London Stock Exchange, the latest in a string of renewable energy IPOs with attractive dividends.