Asset managers have moved to reassure property fund investors they have no imminent plans to suspend dealing, following Columbia Threadneedle’s decision this week to freeze its UK real estate vehicle amid depleting cash levels.
L&G, which oversees the UK’s largest UK property fund, said it had no imminent plans to gate the £2.4bn vehicle or its feeder fund. According to the L&G fund’s most recent factsheet, it held 15.2% of its assets in cash at the end of August.
