Resolution’s UK Property Fund opens to ISA investors

Resolution Asset Management has reviewed the deferred redemption terms of its property fund and decided to remove them.

They had originally been introduced to help manage the fund’s liquidity, however now that the fund has become well-established and the sector more mature, they are no longer required.

Jonathan Polin, Sales & Marketing Director commented: ‘The removal of these terms means that the fund will immediately become eligible for ISA investment (as of 15 January*); life companies also set much store in fully flexible access to their funds, as do fund supermarkets acting on behalf of their clients.
The fund has been performing very well and this action will make the fund more accessible to a much wider range of investors – and we have the capacity to accommodate them.’

Sandy Thomson, Manager of Resolution Asset Management’s UK Property Fund believes the prospects for property investment remain attractive.

‘Our forecast for market for the year represents a total return of 16.5%. After a strong first half and in spite of pessimistic predictions from a number of commentators, the market has continued to demonstrate its ongoing potential. Investors are being rewarded accordingly.’

* 15 January is the end of the sixty day notice period following the change to scheme documentation