Scottish Widows is lifting the restrictions on investments into its property life fund.
In June 2006, new flows of business into the property life fund were restricted to a maximum of 15 per cent of funds invested. This was to prevent performance of the fund being compromised by a high cash weighting.
Head of market relations George Andrew says: “Property continues to form a key part of a properly diversified investment portfolio for the majority of investors and we have experienced strong investor demand for us to fully reopen the property life fund.
“Taking account of the volume of quality property Scottish Widows Investment Partnership’s fund managers are able to source, we are pleased to be able to meet that investor demand.
“Offering full investment into this direct property fund alongside our leading range of indirect property funds – the UK, European and global real estate funds – means advisers can take advantage of the added diversification benefits of using direct funds alongside indirect property funds.”