The Financial Conduct Authority (FCA) is more actively monitoring daily liquidity updates from property funds after further outflows from the sector prompted by Brexit uncertainty.
Morningstar data shows retail investors withdrew £315m from property funds in December, a comparable volume to outflows seen in each of the two months following the 2016 Brexit referendum when funds were forced to suspend trading and prevent investors from further redemptions. FCA to probe property funds' pricing structures during post-Brexit turmoil According to the FT, the FCA stepped up its monitoring of property funds available to individual investors to a daily basis late last year. Commenting on the FCA's increased scrutiny, David Wise, co-manager of the Kames Property Income...
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