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‘Don’t expect any uplift in commercial property’

Seven Investment Management’s Justin Urquhart Stewart says investors should stay away from UK commercial property.

Urquhart Stewart told delegates at Adviser Live 2008 that UK commercial property may have hit the bottom but that is where it is going to stay for the foreseeable future. He said: “If you look across London, you can see the cranes are getting slower and slower. Given the current state of the economy, I would say it is the right move to cross out exposure to commercial property in the UK.”

Thames River co-head of multi-manager Gary Potter said: “If we look at the seven years to the end of 2007, the average UK commercial property fund is up 65 per cent while the All Share is up 37 per cent, despite a 10 per cent decline in the UK retail estate sector. There is more to go and I would rather buy an enterprising manager who will buy a stock that rises by 30 per cent in one day and sell the stock than be stuck in the mire of UK commercial property.”


C&G takes the direct approach

An adviser has slammed Cheltenham & Gloucester for using the current market conditions to push life and protection products on to his client in exchange for a remortgage.

A shaw thing

Sam Shaw is a reporter on Money Marketing
It took me most of the sunny bank holiday to recover from last week’s Headline Money Awards, which many of the attendees seemed to use as an excuse for writing off the rest of Thursday and Friday as well.

Insurers get it in neck over Omo materials

The FSA pulled no punches this week with its stark warning to life companies that open market option standards for annuities had to dramatically improve after discovering shocking numbers of consumer correspondence failings.

Neptune launches Japan Institutional Fund

By Chris Taylor, Investment Director, Head of Research Neptune is excited to announce the launch of the Japan Institutional Fund on 22 June, having disclosed to the market in March its intention to offer the product. The Fund will be managed by the highly-regarded Chris Taylor, Head of Research and manager of the long-running Japan Opportunities Fund. It will invest in the same underlying stocks as the Japan […]


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