As open-ended property funds start to reopen after suspensions following the Brexit vote, there is a danger the debate around these vehicles gets kicked into the long grass until the next crisis erupts.
Columbia Threadneedle Investments announced last week it is set to lift the trading suspension on its £1.3bn UK Property Authorised Investment Fund (PAIF) and its feeder fund, the UK Property Authorised Trust, on 26 September. Meanwhile, Legal & General IM removed the fair value pricing adjustment on its £2.3bn UK Property fund, saying the real estate market has stabilised since June's Brexit vote. Why investors need to stay invested in property - despite fund suspensions Other giants of the sector will now be looking to lift suspensions over the coming months. But some industry co...
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