A number of funds which the Fund invests in are no longer suspended and so following careful consideration and discussions with Wellian Investment Solutions Limited (as investment manager of the Fund) and the Fund's depositary, we intend to reopen the Fund on 22nd March 2021. This means that we can receive client orders to trade in shares of the Fund after 12:00 noon on 19th March 2021.
Provided no new material issues come to light, the below criteria continue to be met and we consider that it remains in the best interests of investors, the Fund will reopen on 22nd March:
1. less than 20% of the Fund's assets are themselves funds in which dealing is suspended (and the risk of going over 20% following the Fund reopening is limited); and
2. the liquidity position of the Fund is such that it is believed to be well-placed to meet expected investor intentions/redemption requests (and will retain sufficient liquidity after expected redemptions are met).
We will continue to monitor the factors outlined above in the lead up to the planned opening date (which we consider to be the soonest practicable date to re-open the Fund whilst allowing advance notice to investors). Should anything materially change, we will issue a further update on this website.
The investment objective of VT Redlands Property Portfolio is to generate capital growth over the long term.
The Fund seeks to achieve its objective primarily by investing in collective investment vehicles which have exposure to physical property and property related assets. The Fund may also invest in other collective investment schemes, transferable securities, money market instruments, deposits, cash and near cash. The Fund does not have a specific benchmark. However, the performance of the Fund can be assessed by considering whether the objective for capital growth over the long term is achieved.
There is no particular emphasis on any geographical area or industry or economic sector, other than to hold a minimum of 70% in UK real property assets to maintain qualification for the UK Direct Property sector.
VT Redlands Property Fund invests in assets that may at times be hard to sell. This means that there may be occasions when you experience a delay or receive less than you might otherwise expect when selling your investment. For more information on risks, see the prospectus and key investor information document.
