Scottish Widows Investment Partnership (SWIP) has switched pricing on its £2.5bn Property trust from a mid- to an offer-price basis after a surged in inflows.
The trust has been priced on a mid-price basis since February 2012, but inflows of £200m in the past six months have caused the group to switch the pricing to offer-price. The group said: "We have taken this action to help protect value for both current investors in the trust and those who may look to invest. "We are closely monitoring the situation and will review the position should there be any change." The fund, managed by Gerry Ferguson has returned 10.2% over the year to 10 December, according to FE, versus the property sector average of 4.6%. The move follows Aviva Invest...
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