Investec Australia Suggests Internal Management & Funds Management Platform

October 30, 2020 03:47 PM AEDT
Team Kalkine

Investec Australia Property Fund (ASX:IAP) posted an interim distribution of 4.39 cpu, down by 8.4%, but still managed to pay 100% of its distributable income for the 6-month period ended 30 September.

The Fund reported an underlying net asset value of $1.34 per unit, up from $1.32 per unit from 31 March 2020. It also reported that it has entered into an agreement with the Investec Group to internalise the management of the IAP and acquire a platform for handling funds

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