Property funds

LGIM overhauls UK property fund amid sector liquidity fears

L&G's fund is one of the few left standing in the sector after a wave of suspensions and closures

The £1.2bn L&G UK Property fund will adopt a 'hybrid' approach, investing equally in direct property and real estate investment trusts

2 min read

M&G has reduced the annual management charge on the fund by 30% and abolished it entirely on cash holdings

M&G to shut £565m UK property fund

UK asset manager cited waning investor interest among reasons why it is calling time on the fund

2 min read

'As CEO I’m looking for growth and to build AUM,' says Swiss Life Asset Managers UK boss Giles King

Swiss Life Asset Managers targets UK real estate growth despite sector turmoil

Even residential and commercial real estate - which are facing strong headwinds - could present opportunities, according to one of Europe’s largest institutional real estate managers

3 min read

Aviva's long-term asset fund consists of an initial £1.5bn portfolio of direct real estate assets

Aviva Investors follows Schroders with £1.5bn LTAF launch

The LTAF is a new category of open-ended funds, designed to invest in long-term, less-liquid assets

2 min read

Blackstone stock weighed down by investor concerns over real estate bets

Backers weigh future of flagship Breit offering after results last week

4 min read

'We will continue to monitor liquidity and the evolving market situation,' said a spokesperson for Legal & General Investment Management

L&G, Abrdn reassure over property funds after Columbia Threadneedle suspension

More than £100m was pulled from a sample of property funds tracked by Calastone in the 10 days following the tax cuts announced by UK chancellor Kwasi Kwarteng

3 min read

Columbia Threadneedle said the decision to suspend trading was made ‘with the aim of preventing any investors being disadvantaged by those redeeming from the funds'

Columbia Threadneedle freezes UK property fund as cash balance dwindles

Cash in the fund at a level where future redemption requests cannot be met 'until a further orderly sale of assets has completed'

3 min read

Inside Columbia Threadneedle Investments's Cannon Street offices. The asset manager is one of a trio hitting investors in funds with some £8.5bn in assets with limits

BlackRock, Schroders hit property investors with restrictions to stem pension client exodus

The asset managers have imposed limits on withdrawals as pension funds seek to reduce exposure to real estate

2 min read

Data from Calastone shows UK investors ploughed £1.3bn into active equity funds last month — compared to just £4m funnelled into passives

Stock pickers ride vaccine optimism to trounce passives with £1.3bn haul

Investors ploughed £1.3bn into active equity funds last month, but committed just £4m to passives

3 min read

Investors fear more property fund casualties after Aviva closure

Aviva's UK property fund is 'the first real casualty' of the pandemic, with other smaller vehicles likely to be under pressure

4 min read

Withdrawals from UK property funds accelerated during the first three months of 2021

Covid-ravaged UK property funds hit with record outflows

A record £589m was pulled from UK property funds in March, marking it the worst-ever month for the sector

2 min read

Those that have lifted suspensions in recent weeks have already been hit with outflows as investors head for the exit

UK property funds brace for second lockdown: ‘These funds may have to suspend again’

It could be well into next year before many property funds can relax dealing restrictions

Bob Steers

Bob Steers: ‘It makes no sense to promise the illusion of daily liquidity’

The Wall Street property guru reflects on founding his business, coronavirus ‘damage’ and what is next for real estate

Aberdeen Standard to reopen UK property funds after pandemic freeze

The £487bn asset manager becomes the latest to announce that it will reopen UK property funds, which have been suspended since the onset of the Covid pandemic