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Arlington secures its place

ARLINGTON PROPERTY INVESTORS

Arlington UK Balanced Property Fund

Type:
Oeic

Aim:
Income and growth by investing in UK commercial property

Minimum investment:
Lump sum £90,000

Investment split:
26% offices, 23% retail shops, 24% industrial, 27% leisure

Place of registration:
Dublin

Charges:
Initial up to 2%,
annual 1.25%

Commission: Subject to negotiation

Tel: 0141 306 7600

The Arlington UK balanced property fund is the first fund from Arlington Property Investors, which was created through a merger of Arlington&#39s investment management business with Aberdeen Property Investors in May this year.

City Asset Management director Anton Robinson thinks Arlington is a late entrant to the market with this fund. However, he feels there is currently a demand for this type of product. He says: “Commercial property helps diversify a client&#39s portfolio because of it has low correlation to the stockmarket. This is another manager with a good track record.”

In Robinson&#39s view, the Arlington fund&#39s charges are reasonable and the literature is pretty bog standard. He regards the adviser remuneration as okay, although he points out that City Asset Management is mainly fee-based. “The gross yield will be an advantage to some,” he adds.

Highlighting the negative aspects of the fund Robinson says: “This is a small fund. and the diversification is poor until it gets larger. The quarterly redemption is too long, the income yield is on the low side and the initial investment is high at £90,000.”

In conclusion, Robinson points out that Arlington is not a household name. He thinks the new fund will face competition from all the property investment trusts, M&G/Prudential, Close Brothers, Glanmore and Standard Life Institutional.

BROKER RATINGS:

Suitability to market: Average
Investment strategy: Average
Charges: Average
Adviser remuneration: Average

Overall 6/10

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