Three open-ended property funds have so far been suspended as a result of "market uncertainty" caused by the coronavirus pandemic, in addition to M&G's suspension in late 2019, locking away over £5bn of investors' money.
The £501m Kames Property Income fund, the £2bn Janus Henderson UK Property PAIF and the £444m Aviva UK Property Income fund have so far been suspended, with all open-ended property funds "almost certain" to have to suspend dealing, according to Ryan Hughes, head of active portfolios at AJ Bell. Update: Aviva latest to suspend property fund; 'almost certain' all will follow On this occasion, the suspensions have been caused by an inability for the main valuers of property to accurately value properties, which Adrian Lowcock, head of personal investing at Willis Owen, should lead invest...
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