Wealth managers looking to take advantage of widening discounts in REITs were to blame for the trading suspensions of open-ended UK commercial property funds that took place following the UK's vote to leave the EU last year, according to Aviva Investors' Euan Munro.
Munro, who is chief executive of the firm that runs the £1.4bn Aviva Investors Property Trust, said professional advisers were looking to profit from an arbitrage trade that opened between open-ended funds...
Launches Strategic Growth Portfolio
‘Time to seek advice’
Our weekly heads-up for advisers
Technology can be a barrier
Uphold rate remains around 50%