People involved in the investments sector have been alerted to the launch of a new property unit trust.

The UK Property Trust from Threadneedle Investments, the retail investments fund management organisation, has targeted a net yield of four per cent at launch.

To achieve this, the fund aims to concentrate upon investments in areas such as property-related securities and direct property, while generally steering clear of super-prime investments.

And the fund will be co-managed by experienced fund managers by Chris Morrogh and Don Jordison.

Mr Jordison explained the principle behind the new investments scheme, which will be launched in the middle of February 2007.

This new product will seek higher returns and higher yields by avoiding super-prime investments and speculative development, he said.

We believe there is greater scope to add value outside the super-prime market.

In other investments news, Simon Somerville, manager of the Japan Income Fund from investments group Jupiter Asset Management, acknowledged that the Japanese market had been disappointing in 2006, but predicted it to bounce back this year.