The £688m New Star Property fund's conversion to a Nurs will see it form part of £4bn of retail mone...
The £688m New Star Property fund's conversion to a Nurs will see it form part of £4bn of retail money to become eligible for Isa investment later this month. Gordon Brown's pre-Budget report revealed non-Ucits retail schemes (Nurs) will be eligible for Isas, Peps and Child Trust Funds from 27 December. The bulk of recent property fund launches have been Nurs as it enables 100% to be held in the asset class. These include Standard Life Select Property, investing in a blend of direct and indirect holdings and the M&G Property Portfolio, which opened at the beginning of November with a por...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
