Wealth managers have suggested a range of options for making the structure of open-ended direct property funds work more effectively, especially in times of market stress, in the wake of a raft of suspensions from giants of the sector as they struggle to cope with Brexit-driven outflows.
Wealth managers have suggested a range of options for making the structure of open-ended direct property funds work more effectively, especially in times of market stress, in the wake of a raft of suspensions from giants of the sector as they struggle to cope with Brexit-driven outflows. Standard Life Investments was the first to suspend trading on its £2.7bn UK Real Estate PAIF and UK Real Estate income and accumulation feeder funds last week, followed by Aviva Investors on its £1.8bn Property trust, before M&G followed suit on its £4.6bn Property Portfolio, the largest fund in the sect...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
