Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Legal & General UK Property R Acc (PAIF)

Ranked 17 out of 28 in - UK Physical over 12 months
All calculations are in GBP unless stated

Managed by

Michael Barrie

Michael Barrie attended Sheffield Hallam University where he gained a degree in urban land economics. He also holds a post-graduate diploma in property investment from Reading University. Michael is a director of the Legal & General Property Division and manages the L&G UK Property fund. He joined L&G in 2005 and prior to this he was the director F&C Property Asset Management. Previously he has worked in property fund management with Sun Alliance, Royal Sun Alliance, ISIS following the merger with Friends Provident and latterly with F&C PAM since the acquisition of ISIS by F&C in 2004. Michael is a member of the Royal Institute of Chartered Surveyors (MRICS).

Matt Jarvis

Matt Jarvis, MRICS is a senior fund manager at Legal & General Investment Management based in London. He joined the firm in 2004 and prior to this, he was a surveyor at Jones Lang LaSalle. Matt graduated from Reading University with a degree in land management and outside of work he lists rugby among his interests.

Objective

To provide a combination of income and growth through investing generally in commercial property. The fund will typically invest at least 80% in a range of UK commercial properties (but this can be as low as 60% where the fund manager deems it to be in the interests of the fund and its shareholders). The fund may invest in all types of commercial property.

Showing fund performance in United Kingdom View performance globally

Performance

UK Physical over : 31/08/2015 - 31/08/2016

Total Return

Quarterly Performance

to 30/06/2016 Annual Q1 Q2 Q3 Q4
2016 0.8% -3.1%
2015 10.6% 2.9% 1.5% 2.9% 2.9%
2014 13.6% 2.3% 3.1% 3.5% 4.0%
2013 8.1% 0.1% 2.2% 1.7% 3.8%
2012 2.3% 1.4% 0.2% 0.2% 0.5%
2011 3.4% 2.0% 2.0% -1.9% 1.2%
2010 10.6% 4.2% 1.6% 1.9% 2.6%
2009 6.2% -5.3% 0.0% 5.3% 6.5%
2008 -17.3% -4.7% -2.4% -2.8% -8.5%
2007 -2.8% 1.8% 1.6% -0.8% -5.1%
2006 4.4% 4.2% 3.0%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date27/02/2006
  • Share Class size2,255Mn
  • Base currencyGBP
  • ISIN GB00BK35DS04

Purchase Info

  • Min. initial investment500
  • Min. regular additional investment50

Charges

  • Annual management1.50%
  • Initial investment5

Related News

L&G increases discount on property redemptions to 15%

Legal & General has deepened the fair value adjustment applied to its £2.5 billion L&G Property fund from 5% to 15%

LGIM to hike fee on £2.3bn property fund

The fee raise on the LGIM UK Property fund comes into effect in March.

Thesis AM ups cash and revamps equities allocation

James Nield is retaining his negative stance on fixed income

Legal & General UK Property Trust

Citywire Selection review: eight in, seven out - who made the cut?

Eight funds have been added and seven removed in our bi-annual review of Citywire Selection.

Legal & General Property Trust

L&G Investments moves to clean share classes on Skandia platform

Legal & General Investments has rolled out clean share classes for all 23 of its funds on the Skandia Investment Solutions platform.

Where to find +5% property yields

L&G Property Trust points to second-tier location distribution hubs and regional leisure space as areas where the fund had been able to pick up yields of between 5% and 10%.

Citywire South West: The line up so far!

Citywire South West is fast approaching and next month will bring together the region's finest investment talent.  Will you be there?

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).