Reits

Aviva Investors has proposed the closure of its Global Listed Real Estate Securities business, including the Global REIT fund run by Paul Van De Vaart, as it has "insufficient scale".

Jacob de Tusch-Lec, manager of the Artemis Global Income fund, is upping his exposure to Real Estate Investment Trusts as he seeks to inflation-proof part of his portfolio.

Primary Health Properties (PHP) has become the first UK Real Estate Investment Trust (REIT) to launch a retail bond.

The £132m First State Global Property Securities fund has dominated the IMA Property sector over the last five years, being one of only two funds to make a positive return over that period, and has returned 84.5% since 2009.

Patrick Sumner, head of property equities at Henderson Global Investors, has warned investors the market is pricing in a substantial fall in property values across Europe.

PASSIVES

ON SPECIALIST MARKETS

The Chancellor George Osborne has proposed scrapping the 2% conversion charge on real estate investment trusts (Reits).

Saltus Partners' multi-manager Dan Kemp is finding compelling value in listed alternative investment trusts and is looking to profit from the sector's deep discounts.

The aftermath of the global credit crisis has seen property as an asset class struggle in the face of liquidity issues.