Record £2.2bn pulled from UK property funds in 2019
December was the second-worst month on record
UK property funds saw a record £2.2bn of outflows in 2019, with December the second worst month of outflows ever for the asset class, according to data from funds network Calastone.
Calastone said investors withdrew the equivalent of £1 for every £15 invested in the sector last year, as redemptions increased dramatically in the wake of the suspension of M&G's Property Portfolio fund....
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