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January 2021 Fund and Market Update.

TM home investor fund starts 2021 with positive returns as a result of 99% rent collection and property valuation uplifts.

The Fund enjoyed a positive start to the year, with the property portfolio increasing in value by 0.33%, and 99% rent collection in January.

Despite the current ‘lockdowns’ in place throughout the UK, the housing market remains open with Covid-secure protocols in place, and we continue to see good levels of activity in both the rental and owner-occupier markets.

Naturally, there has been much speculation as to whether the current Stamp Duty Land Tax (SDLT) holiday will end as originally planned on 31st March, or whether there will be any form of extension.

In our latest Fund and Market Update, Stuart Springham looks at the impact of previous SDLT holidays, and considers the various factors at play in the UK residential property market as well as the latest key performance indicators for the TM home investor fund.

The document can be downloaded by clicking on the image below.

Jan 2021 Fund and Market Update

A detailed list of the Fund’s property portfolio and cash holdings is available in the Portfolio Summary document.

The latest factsheets can be downloaded from our library here.


Important Information

This document is not a prospectus, invitation to invest or advice. Investors may get back less than the amount invested. Information on past performance is not necessarily a guide to future performance. The value of investments in the fund can go down, and there can be no assurance that any appreciation in the value of investments will occur.

Residential property values are affected by factors such as interest rates, economic growth, fluctuations in property yields and tenant default. Property investments are relatively illiquid compared to bonds and equities, and can take a significant amount of time to trade.

Hearthstone Investments Ltd is the parent company of the Hearthstone Investments Group. Regulated business is carried out by Hearthstone Asset Management Limited. Hearthstone Asset Management Limited is an appointed representative of Thesis Asset Management Limited which is authorised and regulated by the Financial Conduct Authority (114354). Hearthstone Investments Ltd (06379066) and Hearthstone Asset Management Limited (07458920) are both registered in England and Wales. The registered office for both companies is c/o Waterstone Company Secretaries Ltd Third Floor, 5 St. Bride Street, London, United Kingdom, EC4A 4AS.

Thesis Unit Trust Management Limited is the Authorised Corporate Director of the TM home investor fund. Authorised and regulated by the Financial Conduct Authority (186882).