View more on these topics

VWM Wealth buys backs into property

VWM Wealth has bought back into property for the first time since the credit crunch.

The Glasgow-based wealth manager has allocated capital to the £588m Standard Life Investments UK Property fund, managed by Nigel Chapman, in two of its portfolios and has included it on its buy list.

VWM Wealth chief investment officer David Thomson has decided to buy back into property as he looks to add diversification.

At the same time he is scaling back exposure to fixed income.  

Thomson says: “The whole physical property sector is of interest to us.

“We are also not keen on fixed income and we are reducing exposure to high yield bonds. It has added diversification for us.

“The SLI fund is only in two of our portfolios at the moment but we will probably add to it.

“It is currently 16 per cent of our £3m defensive portfolio and 10 per cent of our £18m cautious portfolio. We will probably add 5 per cent of it to our £28m balanced portfolio.”

Montfort International financial adviser Matthew Denne says: “I agree with this wholeheartedly as moving away from fixed income makes a lot of sense.

“But you have to wonder if they have missed the boat a little bit as more people are already looking at property investments?

“Property in isolation is not necessarily that attractive but where the sector is attractive is for people with a conservative approach to investing and who are not looking to shoot the lights out with their portfolio.”

Recommended

Cash-Money-Currency-700.jpg
3

Fidelity lobbies FCA to ban exit fees

Fidelity is lobbying the FCA to ban charges for transferring assets off investment platforms. Exit fees are typically charged on direct platforms. Hargreaves Lansdown and AJ Bell’s D2C platforms both charge £25 per line of stock to re-reg off platform, while Alliance Trust Savings charges £100 to re-reg away from the platform. Both Fidelity and ATS offer […]

Mark Pearson: Pot follows member – but where?

As the roll-out of auto-enrolment continues, thoughts have started to turn to the future impact of this mass registration. The Government has estimated that without reform, auto-enrolment will create up to 50 million dormant pension pots by 2050 and the removal of the option to take small pots as a short service refund will only […]

Navigating volatility

The making of any fund can be seen in how it responds to crises and opportunities. In this short video, Head of Multi Asset at Royal London Asset Management Trevor Greetham outlines how the Royal London Global Multi Asset Portfolios or GMAPs navigated through Brexit and the US election cycle. He also highlights the importance […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment