18th February 2019

UK Property funds switch pricing to stem outflows

This week saw another property fund move to limit the impact of outflows as Janus Henderson announced it was moving its pricing to a full spread basis in March. While this sounds like a minor bit of fund administration, and to an extent it is, the timing of the move is interesting. Following the referendum, a sudden run on property funds caused a number to temporarily shut down as they struggled to meet investors demand for redemptions. With the possibility of a hard Brexit looming, it is interesting to see funds take pre-emptive action to try and avoid the same situation.

 

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