Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Columbia Threadneedle switches UK property fund pricing

Columbia Threadneedle switches UK property fund pricing

Columbia Threadneedle Investments has moved two of its UK property funds from bid to offer pricing, after seeing net inflows.

The fund group has moved the £1.2 billion Threadneedle UK Property Authorised Trust and £1.2 billion Threadneedle UK Property Authorised Investment fund (Paif) from the lower 'bid' price to a higher 'offer' price. Columbia Threadneedle said the decision had been taken after the fund experienced continued net inflows, which would result in a 5% performance uplift for the two funds.

Don Jordison (pictured), managing director of property at Columbia Threadneedle Investments and lead manager across the two funds, said: 'We are pleased that the price basis of the funds is now back to offer. The change reflects investor recognition of the virtues and strength of property as an asset class.'

Columbia Threadneedle moved pricing on both funds from offer to bid in May of last year, after a period of net outflows that coincided with the UK's 'Brexit' vote. The group said this decision protected investors who remained in the fund. In July, the asset manager then suspended trading on the Threadneedle UK Paif after it was hit by a wave of redemptions.

This suspension was then lifted in late September, after the fund completed, exchanged and agreed to sell 25 properties totalling £167 million across the UK.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Wealth Manager on Twitter