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krustie allslop

Abbey Launches Residential Property Fund

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LONDON (Reuters) - Abbey Financial Managers said on Thursday it has launched a fund giving ordinary investors exposure to the buoyant residential property market and said it is the first product of its kind.

The CF House Price Plus fund, which can be held as a tax-advantaged Individual Savings Account (ISA), is designed for people looking to invest money in residential bricks-and-mortar without the cost and complications of direct ownership.

House prices have risen strongly in recent years although they lost steam in 2005, up 5.1 percent from 2004, according to the HBOS Halifax house price survey, the weakest in a decade.

The new portfolio will appeal to investors disappointed that upcoming products known as Self Invested Personal Pensions (SIPPs) will not be able to get tax advantages in holding residential property, Mike Brown, head of business development at Abbey Financial Markets, said.

"The British public has been in love with residential property for a long time and this is something they understand."

The fund, set up with Capital Financial Managers, which acted as the product provider, is to be benchmarked against the Halifax House Price (All Buyers, All Properties, Non-Seasonally Adjusted) Index.

This is a similar scenario to the dot.com boom. Then it seemed every finacial institution launched a tecnology fund just has the market reached a peak.

I see this fund folding in three years time.

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Thanks for posting this!

They're trying everything they can to keep this bubble going. It's a shame that quite a few people will be conned into losses here but so be it.

I might invest something as well. In about five to seven years (if it still exists).

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This is a similar scenario to the dot.com boom. Then it seemed every finacial institution launched a tecnology fund just has the market reached a peak.

I see this fund folding in three years time.

Perhaps because institutional investors and bailing out and someone has to hold up the mortgage business?

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Maybe this could be a good thing.

It will cut out all the subjectivity from the VI's monthly housing figures. Won't the fund have a market price per unit? Thsi price will rise and fall each day giving a bull shi* free objective indicator of the state of the property market.

I can see it now headlies of ANPMFI (Abbey National Property Market Fund INdex) falls 10% in 2006.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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