TIME Investments Commercial Long Income fund has become the latest open-ended property fund to convert to a ‘hybrid’ model.
The fund will now direct both property and at least 45% of the portfolio into REIT shares, according to shareholder communications seen by Investment Week. It will also seek to broaden its geographic investment pool from just the UK to a wider international boundary. abrdn to restructure open-ended UK real estate fund into global hybrid model The change is subject to shareholder approval and if agreed, will come into effect on 1 April 2025. The £118.2m fund launched back in 2014 and is the latest in an ongoing trend of open-ended property funds to move its investment model to a ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
