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Legal and general

celt80
celt80 Posts: 19 Forumite
in Savings & investments
Has anybody invested in the legal and general UK Property Fund?

How does it perform?
«13

Comments

  • jimjames
    jimjames Posts: 19,244 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If you want to look at performance then you can check online

    https://www.hl.co.uk/funds
    Remember the saying: if it looks too good to be true it almost certainly is.
  • celt80
    celt80 Posts: 19 Forumite
    thank you that's very helpful
  • jimjames
    jimjames Posts: 19,244 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    By the way if you haven't got other investments then you should consider your overall portfolio as a whole and what assets you have to give the risk profile you want. This fund isn't one that you would put all of your money into.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • celt80
    celt80 Posts: 19 Forumite
    I'm just looking about as I'm new to this so not rushing into anything. Just trying to see what works and doesn't, its all very confusing and I'm an engineer lol
  • Old_Lifer
    Old_Lifer Posts: 780 Forumite
    500 Posts Second Anniversary
    Check the small print. When I invested in a property fund many years ago a standard condition found with property funds in those days was the ability of the fund to delay repayments for up to six months (not easy to sell an office block quickly if the fund is faced with a lot of investors suddenly wanting to withdraw).



    I have absolutely no idea if this is still the case nowadays.
  • EdGasketTheSecond
    EdGasketTheSecond Posts: 2,558 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    No but I've invested in Legal & General shares and done well plus they still yield over 5% even after the latest share price gains.
  • redpete
    redpete Posts: 4,763 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    celt80 wrote: »
    Has anybody invested in the legal and general UK Property Fund?

    How does it perform?
    6.1% annual return, but then you don't know how much I have invested and when so doesn't mean much. Performance data is available from any platform that offers it.

    One annoying characteristic is the swing pricing mechanism whereby they adjust the price by around 6% from day to day depending on whether there has been net inflow or outflow of money that day.
    EdGasketTheSecond wrote: »
    No but I've invested in Legal & General shares and done well plus they still yield over 5% even after the latest share price gains.
    Not sure how that is relevant.
    loose does not rhyme with choose but lose does and is the word you meant to write.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    redpete wrote: »
    One annoying characteristic is the swing pricing mechanism whereby they adjust the price by around 6% from day to day depending on whether there has been net inflow or outflow of money that day.


    Not as if you can sell a commercial property in a day. If investors decide to withdraw their cash en masse.
  • Alexland
    Alexland Posts: 10,561 Forumite
    Eighth Anniversary 10,000 Posts Photogenic Name Dropper
    celt80 wrote: »
    I'm just looking about as I'm new to this so not rushing into anything. Just trying to see what works and doesn't, its all very confusing and I'm an engineer lol

    You might want to consider investing in a L&G Multi Index fund. These are mixes of shares, bonds and property at a relatively low cost. The fund series is available for various risk/reward profiles.

    Alex
  • dunstonh
    dunstonh Posts: 121,201 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    celt80 wrote: »
    I'm just looking about as I'm new to this so not rushing into anything. Just trying to see what works and doesn't, its all very confusing and I'm an engineer lol

    Weightings into your property allocation are quite low at the moment. Typically single digits. Once you have decided your 3% going into property, what are you doing with the other 97%?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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