Invesco launches property trust

The fund will be overweight in industrial properties, which will account for half the portfolio. In its first year, it is expected to provide investors with an income of 6.75p in the pound. Andy Rofe, director of UK fund management at Invesco Real Estate, says that commercial property has outperformed both equities and gilts over three, five and 10 years. The Treasury is considering the introduction of property investment trusts, based on US real estate investment trusts, to encourage greater investment in commercial property.