Property

Wealth managers have been shifting assets out of fixed income and into property as the unloved sector comes back onto investors' radar.

Britain's housing market has finally "turned a corner", according to surveyors who report that rising prices and activity are no longer confined to the South East but are being seen across the whole of the UK.

Student accommodation fund giant Brandeaux has denied its recently-suspended funds are "distressed sellers", and has said there is a £1bn "overhang" of property on the market.

Standard Life Investments (SLI) is converting its £380m UK Property fund into a property-authorised investment fund (PAIF) next month, to give unitholders gross income without having to pay corporation tax.

PROPERTY

Investors trapped in property funds suspended by Brandeaux last week have had to wait more than two years, in some cases, to exit the embattled vehicles.

An offshore property fund investing in student accommodation around the UK has been hit with claims investors cannot redeem their investments.

Kames Capital is planning to launch an "aggressive" rates fund to prepare for an eventual increase in interest rates on government bonds.

PROPERTY

Conditions for the US housing market have never been better, according to US-based investment banking and brokerage company, Charles Schwab.