F&C head of fund of funds Dean Cheeseman is planning to buy into two commercial property funds before the end of the year.
A number of Cheeseman's mandates, such as the lifestyle funds have an automatic allocation to property but have proactively held property index certificates which track the Investment Property Databank.
He has recently started to sell some of these derivatives with a view to buying open-ended property vehicles. .....
........Alan Steel Asset Management consultant Alan Adam says: "There has been a lot of money moving to commercial property. It may be a bit premature as there are some big rent reviews due in 2010 but as long as you are taking a four or five year viewpoint now is not a bad time to be looking at it for diversification." .......
Quote courtesy of Money Marketing
Thursday 19 November 2009
