Three-quarters of potential property fund investors have said they would avoid the open-ended sector if the posited 90-to-180-day notice period was enforced by the Financial Conduct Authority (FCA).
An AJ Bell survey of nearly 2,000 investors found the majority of current and potential investors baulked at the most commonly discussed solution to the fund suspensions which have plagued the sector over the past five years. Investors split on notice periods for open-ended property but no FCA decision until Q3 2021 Over half (54%) of those currently invested in the open-ended property fund sector said they would jump ship and sell their holdings if the 90-to-180-day notice period was introduced. Laith Khalaf, financial analyst at AJ Bell, has described the results as "an existenti...
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