Scottish Equitable International is setting up a property portfolio with four fund firms and is offering 6 per cent commission on the scheme.New Star property unit trust, M&G property fund, Brandeaux and Norwich Union property trust have signed up to Scottish Equitable International’s portfolio which will give IFAs the opportunity to pick an investment mix spreading the risk over product providers and property assets. SEI says UK property is outperforming equities and bonds over three, five and 10 years and could offer diversification required in a client’s portfolio. Minimum investment is 75,000 and commission is 6 per cent commission. SEI marketing manager Steven Whalley recognises the interest in property held by advisers as it is perceived as a lower-risk element of an investment portfolio that offers capital growth potential and rental income. Whalley says: “Property has been a constantly solid performer and it helps to develop diversity into an investment mix. This is because, to maximise diversification, it is important to invest in asset classes that have low correlation to each other and property does have a low correlation with other asset classes.