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.
M&G Investments has temporarily suspended trading in the shares of the £4.4bn M&G Property Portfolio and its feeder fund.
Asset managers with large UK property funds are weighing up their responses to a spike in redemptions.
Standard Life Investments has suspended all trading in its UK Real Estate Fund following an increase in redemption requests.
Columbia Threadneedle announced Friday it has decided to switch the pricing basis on its £1.4bn Threadneedle UK Property Authorised Investment Fund (PAIF) and Threadneedle UK Property Authorised Trust from offer to bid.
There is a strong case to be made that British property funds have had their latest spell of time in the sun and have begun a significant downswing, but the situation seems more nuanced than that.
Morningstar has fully exited from the property investments in its active managed portfolios, the company said.
Investors’ insatiable appetite for income held sway in terms of fund flows through the ISA season, according to data from FundsNetwork.
Architas outlines four mechanisms that can be used to provide some protection against inflation.
