commercial property

Commercial property: it’s harder work to pick high-yield winners

Last October, the Financial Conduct Authority (FCA) proposed new rules for open-ended property funds, designed to address the illiquidity of commercial property as an asset class. In future, it said, Oeics investing in property must be prepared to act even faster at any sign of a run on their funds, suspending trading if the valuation of 20% or more of their assets is at risk of ‘material uncertainty’.