Update: SJP latest to suspend property funds

Difficult to value assets

Mike Sheen
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Kames  began blocking any instructions to purchase, sell or switch shares or units in the funds yesterday
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Kames began blocking any instructions to purchase, sell or switch shares or units in the funds yesterday

SJP, Columbia Threadneedle, BMO Global Asset Management, LGIM, ASI, Kames Capital and Janus Henderson have all suspended their open-ended UK property vehicles due to valuation concerns amid the ongoing pandemic-driven market sell-off.

St. James's Place has confirmed the suspensions of the £1bn AUM Property unit trust, as well as the £200m AUM Property Life and £1.2bn AUM Property Pension funds. In a statement, SJP said that in...

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