Abbey Wrap adds M&G Property Portfolio (onshore)

12 January 2006

Abbey Wrap has added the M&G Property Portfolio (onshore) to its wrap platform, boosting the total number of funds available to 831. Investors can now choose retail and institutional funds, OEICS, Unit Trusts and SICAV's at extremely competitive and preferential terms from 39 different fund managers. The additional fund from M&G aims to maximise long-term total return through investment mainly in commercial property.

Jan Regnart, CEO of Abbey Wrap said: "Investment exposure to bricks and mortar remains a hot topic following the recent U-turn by the Chancellor on tax relief for residential property in SIPPs. We are pleased to enhance our Wrap with the addition of a fund that could go some way to satisfying those investors recently disappointed with the decision."