Revealed: Wealth managers' property fund favourites

Wealth managers have been shifting assets out of fixed income and into property as the unloved sector comes back onto investors' radar.

In an environment where there is little value left in some parts of the fixed income market, investors have been looking to property for an alternative source of yield. The latest figures from the Investment Management Association (IMA) show flows into property funds have recently rebounded. Net retail sales of property funds hit £123m at the beginning of July, the highest level since July 2010, when sales peaked at £147m. The IMA Property sector returned of 20.1% over the three years to 9 August, and 7.2% over one year, according to Morningstar. In comparison, £ Strategic Bond pro...