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,...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
