Threadneedle Investments have announced that they will launch their first UK-authorised property unit trust in February 2007.
The Threadneedle UK Property trust will build total returns based on income and capital appreciation, this will be achieved primarily through investment in direct property and property-related securities and collective investment schemes.
The fund, which will target a net yield of 4% at the initial launch, it will be managed by Don Jordison and Chris Morrogh, and can be placed in an Isa, Pep and Sipp.