Investors pull £336m from property funds in October - Calastone

Third-worst month on record

David Brenchley
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Property funds have seen outflows after reopening
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Property funds have seen outflows after reopening

Open-ended UK property funds saw £336m of outflows in October, the third-worst month on record, as many reopened after prolonged suspensions, data from Calastone revealed.

Most funds in the Investment Association's UK Direct Property sector were forced to close as material uncertainty clauses were placed on all property asset classes due to the coronavirus pandemic. That...

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