Yield-hungry investors have been flocking to specialist property trusts this year, against a backdrop of falling demand for more generalist property funds.
Previously held the role on secondment
Only 26% of investment trusts launched between 2000 and 2009 are still going strong, while the rest have been wound up due to poor performance, wide discounts or because their mandate is no longer relevant, according to Numis Securities.
Joins from BNY Mellon subsidiary