Janus Henderson adjusts pricing approach on £2.8bn Property fund to promote 'long-term investment'

Moving to a full-spread basis

Natalie Kenway
Janus Henderson amends pricing of property funds

Janus Henderson amends pricing of property funds

Janus Henderson Investors is amending the pricing on its £2.8bn UK Property PAIF and UK Property PAIF Feeder funds to prevent the mandates from being impacted by money flowing in and out of the vehicles.

With effect from 25 March 2019, the funds will move from being dual priced on a quoted-spread basis to being dual priced on a full-spread basis. At the same time, the group said it will reduce the initial charge on both funds' A shares/unit classes to zero. Dual priced on a quoted-spread basis means a separate buying (quoted offer) price and selling (quoted bid) price are set with a narrower spread than the full spread. The basis for these prices varies depending on supply and demand for the shares/units of the funds. Dual priced on a full spread basis means that the spread is more stabl...

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