An Open-Ended Future?

  • 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.

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