London, United Kingdom, May 20, 2007 --(PR.com
)-- Peter Phelan, Fund Manager, Pacific Continental Fund Management, says: “This shortfall, coupled with the immediate shortage of new and second-hand properties for sale will continue to drive up property prices. In turn, rising house prices and pressure on householders’ finances is driving further demand for buy-to-let property.
“These market conditions put the Skylight fund in an optimal position, offering individuals the opportunity to invest in bricks and mortar while being protected from the extremes of property price fluctuations. In March, the fund returned 1.13% in GBP – culminatively, growth since the fund’s inception amounts to 65.87%.”
The main objective of the Skylight Capital Build-Up Fund is to achieve medium to long term capital appreciation by investing in distressed residential properties in the UK.
Skylight Capital Build-Up Fund invests in residential property in the north of England, the fund strategy focuses primarily on buy-to-let in the first time buyer sector of the market. Current Assets Under Management are GBP 31.68m.
For further information, please contact:
Leanne Barnham, Pacific Continental 020 7769 7785
Nicola Pierce, Broadgate Marketing 020 7 776 0503
Notes to Editors:
Pacific Continental Fund Management ('PCFM') was established with the objective of delivering solution-led innovative investment funds. Strengths are derived from a team-based approach and an ability to leverage a wealth of experience through working closely with clients and an extensive network of investment contacts.
The aim of the PCFM suite of Funds is to deliver investment returns which match or exceed the expectations of investors and their advisers. In addition to the Fund range, PCFM also provides bespoke investment management services
PCFM is a division of Pacific Continental Securities (UK) Ltd, authorised and regulated in the UK by the Financial Services Authority to provide investment advice to private investors with a wide range of wealth management needs. It advises high net worth investors on a broad range of investment services, spanning:
• Small Cap Stocks
• Contracts for Difference
• Foreign Exchange
• Futures and Options