Property News · December 13, 2019

UK property funds suffer worst week since Brexit referendum


Demands for withdrawals from funds accelerate after M&G blocks redemptionsA dash for the exit by investors has left UK property funds nursing their worst week of withdrawals since the Brexit referendum, and raised fears that further funds may be forced to close.Last week M&G, one of the UK’s biggest asset managers, shocked small investors when it blocked withdrawals (called ‘redemptions’) from its high-profile £2.5bn property fund. Continue reading…

Source : theguardian.com
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