New Star have revealed that 87 per cent of IFAs think clients with moderate risk profiles should consider holding at least 5 per cent in direct commercial property.
It says 40 per cent of respondents recommend a holding of more than 10 per cent and noone recommended 0 per cent weighting in international direct commercial property.
New Star UK retail marketing director Richard Wilson says: “We launched the New Star international property fund in response to intermediaries and investors looking to benefit from the diversification potential of commercial property, on an international scale. Feedback from intermediaries who attended the conferences shows they are happy to recommend that their clients hold significant holdings in international bricks and mortar.
“Interest in the new fund has been strong and all the indications so far lead us to believe that it could be one of the most popular fund launches in recent years.”