ASK CEO and Co-founder Daniel Austin wrote to Property Week in response to a recent front page story, to share his views on the slow demise of open-ended funds and the new investment models which are becoming more attractive.
Is the open-ended fund model too outdated to survive in the new world of wealth tech?
Daniel commented in the letter:
"But I don’t believe investors have really fallen out of love with property investment – in fact, the appeal of these funds is the access they offer to investment in commercial property that is otherwise a less readily available asset class. However, the open-ended fund model has not kept up with the times. It is a blanket approach to investment that gives investors a lack of choice and leaves fund managers making broad-brush decisions."
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