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Thursday December 7th, 2023 

News Archive - July 2007

Commercial property investments

12/07/2007

Over the last couple of weeks, several insurance companies have announced sudden cuts in the value of their commercial property funds. These funds own property such as office buildings and shopping centres, and their value is based on the value of the properties within them as well as the rental income earned.

These funds have given very strong returns over the last few years, with low volatility when compared with equity investments, so they have been the 'flavour of the month' with many advisers. However, outflows of investments from the funds (due to worries about the future returns from commercial property) have forced the insurance companies to downgrade their valuations.

Does this mean that you should not invest in this type of fund? Well, we believe that you should take a long-term view wherever possible, because nobody can guarantee what will happen in the short-term. Without the benefit of a crystal ball, it is a very risky strategy to continually chase the one area which will give the best short-term returns.

Over the years, property funds have provided good long-term returns when compared to cash. More importantly, their value does not vary directly in line with the stock market, so they offer protection from equity market falls.

A well-diversified portfolio with a range of non-correlating asset classes is the best way to reduce risk over the long term. (In English, don't put all your eggs in one basket!). There is still a place for commercial property funds as a part of your pension and investment portfolio.

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The material here is for general information only and is not intended to be relied upon for individual investment decisions. Appropriate independent advice should be obtained before making any such decisions. Mulberry Financial Ltd does not accept any liability for any loss suffered by any user as a result of any such decision.
The information is based on our understanding of current HMRC rules and practices (as at the news article date) which are always subject to change. Taxation and trust advice and Cash ISAs are not regulated by the Financial Conduct Authority. This site is aimed at UK residents only.
Please remember that the prices of shares and other investments can fall sharply. You may not get back the money you originally invested. Past performance is not necessarily a guide to the future.


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