Legal & General point ISA investors towards UK Property Trust fund March 16
Legal & General has announced that its UK Property Trust has had more than £100 million worth of funds invested in it since its launch on February 28th last year.
The fund, which is managed by Michael Barrie, is available as an ISA investment, for ISA and Pep transfers and for direct investment.
“The success of this fund in both assets under management (AUM) growth and overall return for investors underpins our decision to include commercial property as an asset class available for retail investors (and especially as an ISA investment),” Claire Stracey, director of customer marketing at Legal & General, said.
“Legal & General has a great deal of experience in commercial property investment with over £12 billion currently invested in the commercial property sector for our institutional and retail customers. We believe that demand will remain strong for this tax efficient property investment among investors who are seeking the potential for growth and income in an ISA.”
Ms Stracey claims that a return of 18 per cent was secured for investors in the Property Unit Trust fund in its first year.
The deadline for ISA investments for the current tax year is April 5th.
Written Exclusively by AdFero for ISA Guides
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