Property fund raises red flags at Royal London

Assessment of Value report

Royal London Property fund has received a red rating for performance issues in the firm’s recent Assessment of Value report.

The fund's A and B share classes, feeder fund and property trust have all "significantly underperformed" the benchmark index over the past seven years, with the long-term record still behind target. Recent changes have made an impact to performance according to the report, as a new manager, increased team and structural portfolio changes all take effect. However, it still qualifies for the firm's red value rating. SIF 2022: RLAM's Mike Fox's key takeaways Regarding further action, the board said: "We will continue to closely monitor that the recent performance improvement becomes s...