James Carthew: the relentless rise of new income funds
Investors are still pouring money into UK property, despite last year’s post-referendum jitters. If we look at the money raised by the investment companies sector in July, I reckon that of £1.2 billion raised, about £500 million was destined for UK property funds.
This included new issues from Residential Secure Income (RESI) and Supermarket Income (SUPR) real estate investment trusts (Reit), and top-ups of cash for the two student property funds from Empiric (ESP) and GCP (DIGS).
The attraction, of course…
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