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Hearthstone lists residential property fund on Aviva platform

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Hearthstone Investments has listed its TM Hearthstone Residential Property Fund on the Aviva platform, allowing advisers to use it with their retail clients within the Aviva investment, pension and ISA portfolios.

The Aviva platform offers around 2,600 collective investment funds from more than 90 fund managers. Hearthstone’s listing will be the first FCA authorised residential property fund featured on the platform.
 
Hearthstone expects financial advisers to be responsible for the largest proportion of new investment into the fund and sees the move to make the TM Hearthstone Residential Property Fund available on the Aviva platform as an important step in continuing to broaden the fund’s distribution reach. 
 
Mark Forman (pictured), distribution director of Hearthstone Investments, says: “I’m pleased that the fund is now available on the Aviva platform. I believe this will significantly broaden access to our proposition within the industry, due to the platforms popularity with financial professionals.
 
Phil Ralli, Aviva head of platform proposition, says: “Adding Hearthstone’s fund to our platform gives advisers and their clients a much broader choice and access to a residential property fund on our platform for the first time. We are confident that our relationship with Hearthstone Investments will be long and mutually successful, and most importantly, of benefit to advisers and their clients.”
 
The Aviva platform currently has 4,000 registered advisers and GBP2bn in assets under administration, available to financial advisers and intermediaries. Aviva for Advisers is web portal that is fully integrated with the wrap, allowing advisers to access platform investments.
 
The TM Hearthstone UK Residential Property Fund launched in July 2012 and is authorised and regulated by the FCA. The fund, recently rated by Distribution Technology as a 3 (low risk), offers daily liquidity for retail investors and is eligible for inclusion in most tax wrappers (ISA, SIPP, SSAS, offshore bond, etc.)
 
The fund owns a portfolio of private rented flats and houses, aiming to provide returns generated by house price growth and income from residential lettings. Assets are selected to keep the fund’s overall portfolio approximately in line with the distribution of mainland UK housing stock by both region and by property type.

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