Anticipates positive impact of around 5%
Fund reopened after Brexit suspension
China vehicles top but property funds hit
Six fund managers reveal the long-term trends driving their strategies, and the positions that have worked well for their portfolios this year, as well as the sectors they have avoided
Closed-ended property trusts may not have been as badly impacted by the Brexit vote as their open-ended counterparts, which suffered £792m of redemptions in July, but the summer has still been a volatile period for the sector.
As open-ended property funds start to reopen after suspensions following the Brexit vote, there is a danger the debate around these vehicles gets kicked into the long grass until the next crisis erupts.