Platforms should get on board the illiquidity express

Why investors are better off getting a PAIF

There is clear impetus to direct more investment towards illiquid assets, writes John Cartwright, chief executive of the Association of Real Estate Funds.

Central authorities such as the Department for Work and Pensions and the Financial Conduct Authority want a broader range of investors to benefit from long-term, unlisted assets such as infrastructure, real estate, housing and green energy. This is excellent news. Unlisted or less liquid assets can offer returns and risk profiles quite unlike those of listed securities. A broader asset palette enables wealth managers and investment advisers to offer their clients more choice of long-term investments. Additionally, more diverse client portfolios tend to be more resilient. However, the ...