Columbia Threadneedle Investments is set to lift the trading suspension on its UK Property Authorised Investment Fund (PAIF) and its feeder fund, the UK Property Authorised Trust, on 26 September.
The £1.3bn fund was originally suspended on 6 July to protect existing investors as the property sector was hit with instability following the Brexit vote. Don Jordison, managing director of property, said: "In the short period following the referendum we saw animal spirits drive unprecedented levels of redemptions from daily dealt open-ended property funds. "Much of the earlier commentary now appears slightly irrational and more informed reflection has settled the market. Any effects of the Brexit vote on the overall UK economy - negative or otherwise - will take many months if not y...
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