Inflows into property funds have been so strong, fund managers have been left holding big amounts of...
Inflows into property funds have been so strong, fund managers have been left holding big amounts of cash while they search for investment opportunities. Andrew Strang, managing director of Threadneedle Property Investments, said almost £400m this year has flooded into the Eagle Star Unit Linked property fund, doubling the fund's size to £800m. As a result of the huge inflows to the fund, Strang is currently holding more than 20% cash. 'If it looked as though the inflows were very stable and low, then we would have a modest amount of target liquidity. But like now, when the cash is...
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