Wealth managers have suggested a range of options for making the structure of open-ended direct property funds work more effectively, especially in times of market stress, in the wake of a raft of suspensions from giants of the sector as they struggle to cope with Brexit-driven outflows.
Wealth managers have suggested a range of options for making the structure of open-ended direct property funds work more effectively, especially in times of market stress, in the wake of a raft of suspensions from giants of the sector as they struggle to cope with Brexit-driven outflows. Standard Life Investments was the first to suspend trading on its £2.7bn UK Real Estate PAIF and UK Real Estate income and accumulation feeder funds last week, followed by Aviva Investors on its £1.8bn Property trust, before M&G followed suit on its £4.6bn Property Portfolio, the largest fund in the sect...
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