Schroders has deferred the launch of its planned stock-exchange listed Agricultural Land Investment Company because of poor economic and stock market conditions.
In a statement today, Schroders head of UK Retail Business Robin Stoakley said: “Clearly the current market conditions are far too uncertain and volatile to launch the fund now.
“However we do intend to bring Agricultural Land to market when we judge conditions to be suitable as the fund offers a great long-term growth play with excellent diversification characteristics.”
Schroders had planned to launch the fund at the end of September or beginning of October.
Its aim was to target net returns of 10-15% a year over a 5-10 year investment period by offering investors exposure to the long-term returns of agricultural land brought about by growing demand and productivity.
