Investment manager MSS Real Estate and Indirex have devised an analytical platform to help with transparency on pricing, sector weightings and several other features ahead of the launch of the new FTSE UK Commercial Property Index Fund.
Investment manager MSS Real Estate and Indirex have devised an analytical platform to help with transparency on pricing, sector weightings and several other features ahead of the launch of the new FTSE UK Commercial Property Index Fund.
The new fund will be listed on the main market of the London Stock Exchange and is designed to track the FTSE All UK Property Index; a valuation-based index measuring around £60 bn (EUR 75 bn) of investable commercial property exposure in the UK daily, with a 10-year track record.
The fund will provide UCITS-compliant access to commercial property beta with all the liquidity benefit of on-exchange trading.
The MSS team has been working with Jefferies Hoare Govett as sponsor on the IPO of the fund, which is currently open for subscription with closing at end-May.
The fund will invest in a basket of indirect UK property funds and listed property companies with a daily NAV estimate produced, as well as an intra-day share price on exchange.
Fluctuations in the share price of the company, the daily NAV estimates and the latest value of the Index will be available for comparison on Indirex to help investors understand relative performance and provide a one-stop-shop for the latest information.
Monthly updates will be made available providing insight into portfolio movements and sector weightings.
Indirex has been created as the online community for the global unlisted real estate fund industry.
