Record £2.2bn pulled from UK property funds in 2019

December was the second-worst month on record

clock • 2 min read

UK property funds saw a record £2.2bn of outflows in 2019, with December the second worst month of outflows ever for the asset class, according to data from funds network Calastone.

Calastone said investors withdrew the equivalent of £1 for every £15 invested in the sector last year, as redemptions increased dramatically in the wake of the suspension of M&G's Property Portfolio fund. Property was the only major asset class to see outflows in 2019, with fixed income, equity and mixed asset funds all enjoying inflows. Property funds have now seen a net £1.2bn of outflows over the past five years - again, the only asset class to lose cash in that period. In December alone, investors pulled £314.4m from property offerings, the second-worst month on record. In the two...

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