Columbia Threadneedle latest to jump on bid price bandwagon

Added 20th May 2016

Columbia Threadneedle announced Friday it has decided to switch the pricing basis on its £1.4bn Threadneedle UK Property Authorised Investment Fund (PAIF) and Threadneedle UK Property Authorised Trust from offer to bid.

Columbia Threadneedle latest to jump on bid price bandwagon

Columbia Threadneedle follows Henderson Global Investors, M&G Investments and Standard Life Investments who all decided to make the last week switch with one £multi-billion open-ended property fund each.

The fund’s co-manager and Columbia Threadneedle’s managing director of property, Don Jordison, said the switch was implemented to “ensure the fair treatment of all our investors whether they are transacting now or investing for the longer-term.”

He added: “We have not been immune to the trend of retail outflows from the sector and this decision was made with the aim of preventing any investors being disadvantaged by the negative impact of transaction costs.” 

Many analysts and wealth managers have attributed the property fund sector’s increased redemptions and outflows to unresolved tensions ahead of the EU referendum. 

Sponsors

Overseas earners will be key amidst 2017 inflation

Sponsored by Neptune

Overseas earners will be key amidst 2017 inflation...

A by-product of sterling weakness is inflation, and we expect this to continue to gather steam over the coming months, with energy and food prices the hardest hit....

Kames Income Hub

home_research_centre

Vincent McEntegart, manager of the Kames Diversified Monthly Income Fund, explains how he aims to deliver a stable and sustainable income of 5% p.a.*, paid monthly, by investing in a range of asset classes

Square Mile Research

AXA Distribution Fund
AXA Distribution Fund

Talking Factsheets is a video service for users...

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

Profiles

Viewpoint

Investment Strategy

Feature

Tweets

Events

PA SRI 2017
PA SRI 2017

Tuesday 21st February
Radisson Blu Edwardian Bloomsbury Street Hotel, London

PA Japan 2017
PA Japan 2017

Wednesday 8th March
Furniture Makers' Hall, London

PA Dublin 2017
PA Dublin 2017

Tuesday 14th March
Westbury Hotel, Dublin

PA Asia 2017
PA Asia 2017

Wednesday 22nd March
Furniture Makers' Hall 

Sponsored Content

Investment Strategy

OTHER STORIES FROM LAST WORD...