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TR Property Investment Trust
Marcus Phayre-Mudge and James Wilkinson want to be exposed to quality real estate in core markets within their Pan European TR Property investment trust. These include companies operating in core European markets of London, Paris, Stockholm, Olso, and even select parts of Milan.
Markets
Citywire Selection Verdict: The discount on this trust widened significantly towards the end of 2011 as the value of the companies it invests in rose while the price of the trust remained static. The discrepancy is certain not to last long as the consistent performance of the trust has attracted a large following. The focus is on primary rental markets in core European cities, such as Paris, London, Stockholm, Oslo, Brussels and Berlin. More economically sensitive secondary and tertiary industries, such as manufacturing and supply chains, are avoided. In the UK it has a stake in British Land and a small holding in direct property, and the managers are confident of their market knowledge.
For more details view the latest fund factsheet.
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2 comments so far. Why not have your say?
John Osborne
Jul 30, 2011 at 13:10
Much better value than a property OEIC.
However, the issues for me before investing in this sector are:-
- Change of manager, (previously Chris Turner who was responsible for many years good performance).
- Also, is it too early to invest in property sector with continuing banking crisis and prospect of possible further slow-down or recession?
report thiswilliam saunders
Jul 30, 2011 at 17:13
A good performance under Chris Turner but now a new manager rather like Fidelity Special Situations/Special Values after Anthony Bolton.Also a performance fee which is paid even if NAV falls.
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