German Property Fund in a S&S ISA ?

elephant_guy

I am thinking about opening a S&S ISA with Hargreaves & Lansdown. I have read a number of reports that suggest that German Property may be a very good investment over the next few years and was considering adding a fund including German Property into my ISA portfolio. I have struggled through H&L's funds and don't seem to be able to find any European/Global Property fund with a reasonable weighting in Germany.

Can anyone suggest a fund suitable for an ISA that has a reasonable percentage invested in Germany. I would consider opening the ISA with a different Discount Broker if they had the type of fund I was looking for.

dunstonh

Premier Pan European Property fund has a decent German content. Alex moved a fair chunk into Germany recently. It currently stands at 23% which for a European fund is high.

To get 100% german though would need you to use investment trusts or shares.

The Premier Pan European fund has been a favourite fund of mine since launch. I also rate Alex as a manager. His previous fund was Aberdeen property share which was very highly regarded. The Premier fund is basically a European version of the Aberdeen property share.

carnet

The problems which open-ended property funds have encountered in the past are well documented.

IMHO closed-ended funds should be used, wherever available, for property investment.

For exposure to German commercial property have a look at Deutsche Land (DLD).

Speymill Deutsche Immobilien (SDIC) would be my choice for exposure to German residential property. It also has the benefit of soon starting to pay a dividend of about 6p per year which, at the current price, equates to around 5% - this offers considerable support if things get tough.

Both of these funds are domiciled in the IOM.

The one drawback is that, under current regulations, neither can be put into an ISA.