Buckles launches the Snowdonia Property Fund
1st December 2005
Buckles Investment Services Ltd, Wales’ leading IFA, is expanding its highly successful range of Snowdonia fund of funds with the launch of the Snowdonia Property Fund. Providing an anticipated yield of approximately 4.5 per cent, the new Fund will invest in overseas real estate investment trusts or REITs, offshore domiciled but London Stock Exchange quoted property investment companies and other commercial property shares in the UK and Europe. It will also have the ability to invest up to 20 per cent of the portfolio outside of Europe.
The Fund launches on 6 th December and will be managed by Alex Ross of Premier Portfolio Managers, who joined from Aberdeen Asset Management in the summer, where he ran the highly successful Aberdeen Property Share unit trust, which outperformed both the FTSE Real Estate and S&P Property indices over 1, 3 and 5 years.
Minimum lump sum investment is £3,000, with a minimum additional investment of £1,000. There is a monthly savings scheme of £50.
Charges are: 5.27% initial, 1.5% annual management charge.
Commenting on the launch, Buckles’ Chief Executive, Nigel Speirs said:
“The new Fund will take advantage of the developing REITs market on a pan-European scale. Investing in REITs will provide all the benefits of holding properties directly, but in a more tax efficient way; it will also provide the additional benefits of greater diversification and liquidity. There are excellent opportunities for REITs in Continental Europe, notably Germany. Rents and yields remain attractive.”
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