Glanmore sees inflows
The Glanmore Property Fund, an offshore property fund, has announced record inflows. Individual investors have invested £6m during August and the Glanmore Portfolio has almost doubled in size from the beginning of 2002, now standing at £100m.
“Very few investments are able to show five years of continuing growth. Glanmore has now delivered total returns that have averaged 12.6% p.a. since its launch five years ago”, claims Robert Court, director of the Glanmore Property Fund.
Managed by Thesis Asset Management International, the fund has a minimum investment of £5,000. The entry cost is 5% and there are no charges for redemption if the investment is held for more than one year. Exit is at net asset value, which is calculated and reported on a monthly basis.