Investor confidence in smaller property funds 'at risk' after Aviva closure

Aviva yesterday told investors that it had become "increasingly challenging" to generate positive returns from the fund while providing the necessary liquidity for the open-ended property vehicle.  Although this is the first instance of a casualty in the property market stemming from the suspension of property funds in March 2020, experts and advisers fear that it may not be the last, although the greatest risk is to investor confidence. Oli Creasey, property research analyst at Quilter Cheviot said that the situation Aviva's fund found itself in was unusual, as most other UK property...