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Hearthstone Residential Property Fund listed in IMA property sector


Specialist residential property fund manager Hearthstone Investments has listed its TM Hearthstone UK Residential Property Fund in the Investment Management Association (IMA) property sector.

Launched in 2008, the IMA Property Sector encompasses all types of UK authorised funds investing in property, including commercial property funds and property securities funds, with the combined assets under management of its 45 funds totalling GBP16.2bn.
Adrian Gaspar, technical sales manager at Hearthstone Investments, says: “It is great to see the fund now listed in the IMA Property sector. The sector largely contains commercial property funds, so we’re pleased to add this unique and innovative fund which offers investors an opportunity to capture gains and net rental income from a diversified portfolio of private rented UK mainland residential property.
“The Hearthstone Residential Property fund was also one of the first in the UK to adopt Property Authorised Investment Fund (PAIF) status, allowing investors to claim exemption from corporation tax on income and gains within the fund.”
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 targets UK 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 UK housing stock by both region and by property type.

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