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Suspended property funds collect £40m in management fees over 2020


Suspended property funds collect £40m in management fees over 2020
£2.8m of capital locked away over three funds
Investors stuck in the M&G Property Portfolio have forked out the most in fees
Investors trapped in suspended open-ended property funds have paid out more than £40m in management fees over the course of 2020, with some still paying fees in 2021 as £2.8bn of investor capital remains locked away across three funds.
According to Investment Week calculations utilising fee and fund size data from Morningstar Direct and share class classifications from FE fundinfo, investors have shelled out approximately £40m in management.
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What will the real estate sector look like after Covid-19?


What will the real estate sector look like after Covid-19?
Lockdown has dampened property assets
Stephanie Baxter
Retail and hotels have taken the brunt of lockdowns, while logistics and residential have fared much better. Even when Covid-19 is bought under control, the path of recovery is far from straightforward, writes Stephanie Baxter
With the UK s mammoth Covid-19 vaccination programme well underway, the end of crippling lockdowns is finally in sight, giving hope to parts of the real estate sector that have been heavily impacted.
Retail and hotels have been particularly challenged and adversely impacted by the lockdowns and restrictions, while other sectors such as logistics and residential assets had a great 2020, attracting huge capital flows. ....

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Before Boris makes ANOTHER life ruining announcement, here's 23 memes about the last one


London is in Tier Four, the borders are closed, FTSE’s fallen by 33 billion and Christmas is cancelled. This country we call home has well and truly gone to shit and we can’t pretend we’re handling it “just as badly” as any other place right now… we’re so much worse. We’re the embarrassing family member. We’re literally the cousin that got too fucked on Christmas eve to make it to Christmas dinner. We’re throwing up in the toilet right now. We’ve missed out on the Quality Streets
and the presents. It’s done. ....

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