Henderson moves to bid pricing basis on £4bn UK Property fund

Will remain under 'continuous review'

Henderson Global Investors has moved the pricing of its £4.1bn UK Property OEIC from an offer to a bid basis.

The difference between the Henderson UK Property OEIC's share price on an offer basis (creation) and a bid basis (cancellation) currently amounts to around 5%. The decision reflects the group's expectation the trend for client net fund flows will sit between "broadly stable" and "moderately net negative" for the forseeable future. Since February 2015, the fund has increased in size from £2.6bn to £4.1bn but AUM has been stable from December onwards. In a statement, the group said: "It is important to note that the pricing basis decision for a dual-priced UK commercial property fund...