M&G Property Portfolio available with Fidelity

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M&G Property Portfolio available with Fidelity

Mon 24th Apr 2006

The M&G Property Portfolio is now available on the Fidelity FundsNetwork platform and brings the number of property investment options on the network to 12.

Claiming to offer the opportunity for "consistent, long-term returns", the investment fund will invest fully in commercial properties and is an option for investors seeking both income and capital.

As well as announcing the new product, Fidelity has also commented on the popularity of using a platform to invest in property.

The company said that across all of its products, 15 per cent of new money went into the IMA specialist sector in the first quarter of 2006 and 45 per cent of this went into property funds.

"We are delighted to welcome the M&G Property Portfolio on board as the twelfth core property fund available on FundsNetwork," said Rob Fisher, head of marketing at FundsNetwork.

"As a platform of choice, we strive to offer advisers as wide a range of funds as possible."

Along with the M&G Property Portfolio, other real estate options on the FundsNetwork platform include the Aberdeen Property Share option, the Britannic UK Property Fund and the Norwich Property Trust.