UK Direct Property
IA UK Direct Property
Open Ended Investment Company
The investment objective is to carry on Property Investment Business and to manage cash raised from investors for investment in the Property Investment Business as further described below. HM Revenue & Customs has confirmed to the ACD that the Company meets the requirements to qualify as a PAIF under regulation 69O of the Tax Regulations. The objective of the Company is to achieve a high income together with some growth of both income and capital. The Company aims to invest at least 60% of its assets in commercial property and shares of property related companies. It may also invest in residential property and, subject to the Tax Regulation, in non property-related securities, units/shares in collective investment schemes(including those managed by Janus Henderson), money market instruments, deposits, derivatives and forward foreign exchange contracts.
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