Investors pull £336m from property funds in October - Calastone

Third-worst month on record

David Brenchley
clock • 2 min read

Open-ended UK property funds saw £336m of outflows in October, the third-worst month on record, as many reopened after prolonged suspensions, data from Calastone revealed.

Most funds in the Investment Association's UK Direct Property sector were forced to close as material uncertainty clauses were placed on all property asset classes due to the coronavirus pandemic. That clause has since been retracted, with some having re-opened already and others slated to follow later on in the year. Those that currently allow investors to pull their cash have seen some take-up, Calastone's Fund Flow Index showed. HMRC weighs ISA ban on 'new' property fund investments The £336m withdrawn in October was fully half the total for the whole of 2016, the last time the ...

To continue reading this article...

Join Investment Week for free

  • 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

Join now

 

Already an Investment Week
member?

Login

More on Funds

Trio of fixed income funds awarded RSMR rating

Trio of fixed income funds awarded RSMR rating

Royal London, Dodge & Cox and L&G

Cristian Angeloni
clock 07 November 2024 • 2 min read
Trio of Fidelity International funds fail value assessment due to underperformance

Trio of Fidelity International funds fail value assessment due to underperformance

Board reviewing potential actions

Valeria Martinez
clock 05 November 2024 • 2 min read
Singular BlackRock fund fails to deliver value across active arsenal

Singular BlackRock fund fails to deliver value across active arsenal

BlackRock Market Advantage fund

Cristian Angeloni
clock 05 November 2024 • 1 min read
Trustpilot