Three UK fund managers have imposed redemption limits on some property funds due to the impact of rising interest rates.
According to the FT, Schroders, Columbia Threadneedle and BlackRock have all had to restrict withdrawals from their funds as liquidity tightens across property funds once again. Columbia Threadneedle has shifted from daily to monthly redemptions across its £2.3bn Threadneedle Pensions Pooled Property fund, citing "liquidity constraints resulting from the recent market volatility and a subsequent increase in redemption requests". A spokesperson for Columbia Threadneedle said: "We have introduced deferred redemptions on the TPEN Property fund due to liquidity constraints resulting from ...
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