Confidence climbing as UK equities and property rebound – Lloyds
Data produced by Lloyds Bank revealed appetite for investing has rebounded strongly from its Brexit-triggered July lows, with investors warming once again toward risk assets.
Data produced by Lloyds Bank revealed appetite for investing has rebounded strongly from its Brexit-triggered July lows, with investors warming once again toward risk assets.
Kames Capital has reduced the fair-value adjustment applied to the Kames Property Income and Kames Property Income Feeder funds.
Investment trusts have demonstrated impressive post-referendum resilience in recent weeks, with top-level macro swings indicating positive things to come for real assets.
The recent gating of the biggest UK property funds had been on the cards since as early as September last year according to research by Last Word.
Aberdeen Asset Management has lifted the trading suspension on the Aberdeen UK Property Fund.
Last week’s suspension of several daily-traded, open-ended property funds demonstrates the concept is ‘absurd’, according to Seneca Investment Management.
As the Bank of England and the Financial Conduct Authority discuss plans to future proof open-ended property funds, an adage about a horse and a barn door seems appropriate.
The Financial Conduct Authority (FCA) has reminded fund managers of their obligations to investors following the closure of a number of high profile property funds in the UK.
Prudential has suspended trading in its single-asset property funds, namely the Prudential Property Pension Fund, Prudential Property (Ex Scot Am) Life Fund, Prudential Property Life Fund, Prudential Property Life Fund (Inc), Prudential Aviva Property Trust Pension Fund and Prudential Aviva Property Trust Life Fund.
Kames Capital joined Aberdeen Asset Management and Legal & General Investment management in applying a valuation cut to its UK property offering as redemptions bite.
Legal & General Investment Management has become the latest asset manager to take steps to deal with the spike in redemption demands for UK property funds.
Property funds seem overnight to have become the least popular asset class at the dance, but many investors have been sneaking out early for some time and not all of them have gone straight home.