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Bestinvest

TR Property (TRY) - Downgraded

By SIMON MOORE 02/02/2010

TR Property (TRY) - Downgraded by Simon Moore

We have now sold out of our holdings in TR Property from the Bestinvest managed OEICs, which has triggered a review of the current rating.

Listed real estate shares have had a good performance and companies now trade at a premium. The risk now is now on the downside. We prefer direct property funds (“bricks and mortar” funds) where there are still prospects for capital growth at the same time as a good level of dividends.

This re-rating is prompted by our tactical asset allocation change within the real estate sector. We remain confident in Chris Turner, the manager of this fund.

Rating downgraded from 5 stars to 4 stars.

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