The BMO UK Property fund has again shifted its pricing to reflect a less defensive investment outlook, with the vehicle’s managers now "actively but carefully pursuing acquisitions".
Having shifted the fund to "bid" pricing in August 2019, reflecting a "defensive and cautious position" at a time of political uncertainty, in a January update to investors BMO confirmed it has returned to "mid" pricing. Investors shun direct property funds on liquidity fears and platform UX concerns Fund manager Guy Glover and assistant fund manager Emma Gullifer explained to investors that the August move was a result of the fund "not looking to acquire assets". However, following undisclosed levels of "net positive inflows" since the end of 2019, driving its cash weighting to "...
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