The new Bespoke Financial Consulting IPD UK Monthly Index Tracker Fund is aimed at retail investors wanting a low volatility commercial prop...

The new Bespoke Financial Consulting IPD UK Monthly Index Tracker Fund is aimed at retail investors wanting a low volatility commercial property fund The fund shadows the performance of the Investment Property Databank index, which comprises more than 3,800 retail, industrial and office properties UK-wide valued at over £49 billion ($96 billion) at 30 November 2006, about 15 per cent of the total UK market; the minimum investment is £1,000. Bespoke partner Philip Gilbert says that as the fund offers daily liquidity and wide diversification of underlying assets, it is likely to prove popular with investors seeking exposure to commercial property without being locked in if values fall. The fund, accessible through IFAs, is available for direct investment as well as via new ISAs and ISA/PEP transfers and is suitable for pension investments such as SIPPs and SSAS, and for investments via insurance bonds. Income is paid half yearly as interest rather than as a dividend – so if investors do not pay tax or invest through an ISA, all tax deducted at source can potentially be reclaimed.