New CI property fund aims for 6% yield

A NEW property fund is concentrating mostly on the Channel Islands commercial market.

The Channel Islands Property Fund, a closed-ended investment company, has been launched by Cenkos Channel Islands.

It is listed on the Channel Islands Stock Exchange.

It is aiming to provide investors with better returns at a time of low interest rates, with the fund's dividend yields anticipated to be 6% per annum.

So far, the majority of its investor funding has come from Guernsey and Jersey. But it has secured a large commitment from an unnamed London-based institution.

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