GB-EN Intermediary

BMO Property Growth & Income Fund

Rethinking property: why a hybrid approach makes sense
July 2021

Hear from our clients

Oli Creasey, head of property research at Quilter Cheviot:

“The BMO Property Growth and Income fund forms a core part of our European Property exposure. The benefits have always been clear to us – the hybrid investment style provides us with the benefits of an open-ended fund, where liquidity is provided directly by the manager, while not suffering from the liquidity mismatch facing those funds which only own direct property assets. It means that we can own PG&I throughout our business, comfortable that the fund will be able to return capital to us whenever it is needed.

We believe that the experiences of holding the fund to date bear out this rationale. Despite the open-ended property fund sector being hit by fund suspensions, PG&I has largely steered clear of this issue. We are also encouraged by the fact that the fund is unlikely to be caught up in regulatory change, particularly the risk that the FCA puts a stop to daily-dealt property funds, which should not impact PG&I.”

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