New Star has extended the 1 per cent discount on its property unit trust to mark the fund's fifth anniversary.
The 1 per cent discount is available for all lump-sum investments until August 5.
The trust is one of only three comparable funds which invests in commercial property and commercial property shares. Over five years since its launch on July 5, 1999, the fund has returned 65.32 per cent, outperforming the FTSE All-Share index which fell by 17.19 per cent over the same period.
New Star Investment Funds marketing director Rob Page says: “In recent years, both investors and financial advisers have turned to commercial property as a means of providing diversification within their investment portfolios. The fact that there has been a considerable weight of money chasing relatively limited levels of stock has created an imbalance which has resulted in improved total returns.”
