Ben Wood
Fund Manager
LF Canlife UK Property ACS
About the Fund
The LF Canlife UK Property ACS aims to deliver long-term income returns and capital growth
Essential features of the Fund
LF Canlife UK Property ACS
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The Fund invests primarily in a diversified portfolio of UK commercial properties including those in the retail, office, industrial and other sectors such as leisure and hotels
- It may have some direct exposure to UK residential properties
- The Fund may also invest in property and non-property related transferable securities, debt securities, and collective investment schemes
For further details on the objective and investment policy, visit the Literature section to view fund KIIDs and Prospectus.
How the Fund is managed
- A top-down overlay - macro factors play a significant role in our property investment process in sector considerations. For example, consumer spending habits and wage growth indicators are very important for the retail and leisure sectors, business investment trends often influence demand for office space and the purchasing managers’ index, productivity and logistics analysis are key drivers for the industrial sector
- Fundamental research - our sector selection is primarily driven by the fund management teams’ macroeconomic forecasts, whilst stock selection is driven by our research function and local knowledge, which seeks to identify attractive bottom-up opportunities in the market. The fund managers then aim to acquire assets that match this view, diversified across sectors and styles, utilising our expertise to extract more value from the markets
- Derivatives may be used to manage the risk profile of the Fund
- The Fund may suffer a reduction in value due to high dealing costs incurred when buying and selling
Suzima Abu-Zarin
Fund Manager
Reasons to recommend
A tax transparent structure
The LF Canlife UK Property ACS is a UK-domiciled tax transparent fund (TTF), it is not subject to UK corporation tax, income tax or capital gains tax – rather the tax is calculated at the investor level when units are sold in the fund. Therefore it is ideal for tax-exempt investors such as defined benefit and defined contribution pension schemes. The fund may not be appropriate for investors who plan to withdraw their money within five years.
Market recognition
The wider property team have built up a strong track record, winning MSCI’s UK Property Investment Awards in 2017, 2018 and 2019.
Access to market
Property remains a relationship-driven market. We have a significant network of contacts and agents, which enables us to effectively evaluate the opportunities. We also ensure we engage with our tenant base, which enables us to understand any potential demand/supply imbalances which in turn can lead to increased tenant satisfaction rates and hence an uplift in the value of the properties.
Active asset management
We adopt a hands-on approach, actively managing our properties through our in-house asset managers. Ultimately, client and tenant service is at the forefront of our business and we believe our ability to manage these functions in-house generates significant added-value.
The value of investments may fall as well as rise and investors may not get back the amount invested
The LF Canlife UK Property ACS (ACS) is an Authorised Contractual Scheme and is suitable for institutional and professional investors. For more information, see the ACS prospectus available at www.canadalifeinvestments.com. Property held by the ACS may not be readily saleable. This means that investors in it may not always be able to realise their investments when they choose. In such cases the encashment of units in the ACS may be postponed by up to 6 months. The value of property is generally a matter of a valuer’s opinion rather than fact. Costs of buying and selling real property are generally much higher than for other types of assets. Property investments may be subject to significantly wider price spreads than bonds and equities which could affect the valuation of the fund by up to 8.00%.
Latest Market Insights & Fund Updates
Property and the road to sustainability
How the pressure is on for landlords to future proof their buildings in the 2020's.
The UK high street - what's in store?
Ongoing economic, technological and socio-demographic shifts have strained bricks-and-mortar retailers for some time now, but pressure was at its worst in years in 2018 and many people now question how relevant the British High Street will be in the near future.
Rebooting property in a new age of disruption
The implications for real estate are intensely profound everywhere in the world: covid-19 has emphasised how important placemaking is not only to office space and other commercial property, but to all of society.