CanLife reopens UK property fund

Removes 185-day notice period

Canada Life Asset Management (CanLife) has reopened the LF CanLife UK Property ACS, with effect from 8 October.

Following the latest valuation of the fund the 185-day notice period for trades, which was implemented on 19 March instead of the suspensions seen across the industry, has been removed, which "effectively means the funds have re-opened". Investors eye exit door as property funds prepare to reopen As a result, the firm's life and pension funds, which are invested in the ACS, have also removed their deferral periods and can once again be traded. Since the Royal Institution of Chartered Surveyors removed its material valuation uncertainty clause on "all UK real estate" on 9 September,...