Janus Henderson property fund may not reopen until 2021

Concerns around Brexit and FCA consultation

Janus Henderson UK Property PAIF may not reopen until the first quarter of 2021 at the earliest, according to the fund group’s most recent update.

In a statement extending the temporary suspension of the fund another 28 days, the board of Henderson Investment Funds announced the fund "may not be in a position to reopen until the first quarter of 2021" due to "challenging market conditions" and Brexit uncertainty. The update also cited the upcoming Financial Conduct Authority consultation on open-ended property funds and the possibility of introducing notice periods. Dealing in the £1.8bn AUM Janus Henderson UK Property PAIF was initially suspended in March. Property investors remain cautiously positive amid value and income d...