Retail open-ended property funds have dodged the liquidity restraints imposed on their institutional counterparts, with none of the UK-focused funds planning to restrict withdrawals.
While 2016 and 2020 saw widespread suspensions and closures of IA UK Direct Property funds, the recent measures imposed by institutional property funds appear not to be spreading to the retail sector. UK property funds impose liquidity limits - reports abrdn, BlackRock, Canada Life Asset Management, Columbia Threadneedle, Legal and General Investment Management, M&G Investments, Royal London Asset Management and St James's Place all confirmed they had no plans to impose restrictions on their retail open-ended UK property funds. Head of UK Property at Canada Life AM Michael White de...
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