Demand for SWIP property fund forces temporary closure

Scottish Widows has been forced to close its property fund to new business for the time being as huge demand for property investments and a lack of suitable of property to invest in has left the fund with excess amounts of client cash and nowhere to invest it. Over recent months, property funds have become popular with investors because they represent a safer investment class than many equity-based funds exposed to volatility. However, the current lull of availability in certain sectors of the property and a likely slowing of investment returns on that property could make it diffi...