Value And Indexed Property Income (ticker: VIP) has reinvented itself in the last eighteen months. It used to be mostly invested in high-yielding stocks with a UK commercial property portfolio on the side. Now its focus is almost entirely on direct property ownership although it also invests in some listed property trusts. The property side of VIP has been managed since 1986 by OLIM, which is led by the very experienced team of Matthew Oakeshott and Louise Cleary and this part of the trust has an impressive performance record of 12.2% annualised over the last 35 years. It's a small trust with ...