Investment Week | Wednesday 1st October 2008
By Natalie Kenway
Schroders is deferring the launch of its Agricultural Land Trust due to current market and economic conditions.
The group said it felt it was appropriate to delay the launch, which was initially scheduled for the third quarter, and look again at the closed-ended product in early 2009.
Robin Stoakley, head of Schroders UK retail business, said “Clearly the current market conditions are far too uncertain and volatile to launch the fund now, however we do intend to bring Agricultural Land to market when we judge conditions to be suitable as the fund offers a great long-term growth play with excellent diversification characteristics. “
He added that although the fund had received a lot of interest, investors are concerned about committing to new investments in such volatile and uncertain times.
By Natalie Kenway
Schroders is deferring the launch of its Agricultural Land Trust due to current market and economic conditions.
The group said it felt it was appropriate to delay the launch, which was initially scheduled for the third quarter, and look again at the closed-ended product in early 2009.
Robin Stoakley, head of Schroders UK retail business, said “Clearly the current market conditions are far too uncertain and volatile to launch the fund now, however we do intend to bring Agricultural Land to market when we judge conditions to be suitable as the fund offers a great long-term growth play with excellent diversification characteristics. “
He added that although the fund had received a lot of interest, investors are concerned about committing to new investments in such volatile and uncertain times.
