In light of some recent negative headlines, Bull and Bear discuss the future of the open-ended UK property fund sector.
Over the last month, St Jame's Place has decided to suspend dealing in their £826 million property unit trust, M&G have set out plans to wind down their £565 million Property Portfolio fund and Canada Life Asset Management has suspended withdrawals from one of their funds.
There continues to be a mismatch between investor demands (for daily trading) and the liquidity of the underlying assets.
The property industry still awaits the outcome of the FCA's regulatory cogitations, but in the meantime have been working on possible solutions and alternatives including Reserved Investor Funds.
Enjoy your Sunday.