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

Industry experts and advisers weigh in

clock • 5 min read
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 funds were able to reopen in a better position.
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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 funds were able to reopen in a better position.

News of Aviva Investors' plan to close its UK property fund has raised concerns of similar liquidity issues affecting other small funds, heightening investor apprehensions on the sector.

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...

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