Advisers back property fund suspensions

According to the study by Reita, more than 100 of the 200 IFAs polled backed the redemption suspensions imposed by AXA, Friends Provident, M&G, Close Investments, AEGON Scottish Equitable and Scottish Widows last month. The research also revealed 32pc of IFAs "did not feel qualified" to even comment on the current levels of discount to NAV (Net Asset Value) which some REITs and property investment trusts were experiencing. However, of those that did feel happy commenting, almost two in five (38pc) believed the levels of discount to NAV in the prices of REITs demonstrated that they were ...