Aviva Investors to lift suspension on Property Trust

Trading to resume 15 December

Daniel Flynn
clock • 5 min read

Aviva Investors has announced it will resume trading of its £1.5bn Property Trust from December 15, having suspended the fund in July.

The company has also announced that Mike Luscombe, co-manager of the fund, will retire at the end of January. Following his departure, Andrew Hook, co-manager on the trust since March 2015, will lead the vehicle. The Aviva Property Trust was suspended on 5 July following the Brexit vote, alongside a number of other property funds as they struggled with liquiduty issues.  Aviva's fund will resume trading at the midday valuation point on 15 December, with any valid instructions it has recieved to buy or sell units in the trust in advance of this valuation point being carried out using t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers expecting more of asset managers since Consumer Duty

Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock 28 March 2024 • 1 min read
Fears tech limitations could stall MPS on its upward trajectory

Fears tech limitations could stall MPS on its upward trajectory

‘There have been a few changes and challenges around growth in general’

Hope Coumbe
clock 27 March 2024 • 1 min read
Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read