Property positioned portfolios

gerardine davies vs andy hicks

Gerardine Davies and Andy Hicks, who run property funds for Norwich and New Star respectively, both focus on physical assets

Property unit trusts have not proved particularly popular, which explains why there are only three such offerings with three-year track records. The entire sector currently accounts for only about £1bn in assets. By far the largest of these vehicles is the £683m Norwich Property fund, which invests most of its portfolio in physical assets. The £169m New Star Property fund is managed in a similar way, in that the majority of the portfolio is invested in physical UK-based property. There is also the £90m Aberdeen Property Share portfolio, which holds only property shares, and the Morley H...