Standard Life to open suspended property fund

[Nicholas Wallwork]

Financial giant Standard Life is the latest investment giant to announce plans to reopen it suspended property fund. The UK Real Estate Fund, and associated feeder funds, was suspended in light of the Brexit vote which led to unprecedented redemption instructions. Many of the larger financial institutions levied significant discounts on their property investment fund

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[PostBrexitInvestor]

Interesting to see more property funds are no lifting their redemption suspensions. Surely a sign that concerns about the UK leaving the European Union are overdone?

 

[realdeals]

Interested to see if those trying to redeem their units just after the European Union exit vote will now follow through with their original plans now suspensions are being lifted.

 

[Longterminvestor]

Only time will tell what the full consequences are for the UK leaving the European Union but so far it is safe to say that initial concerns were overdone. How this will pan out when article 50 is eventually triggered remains to be seen. However, there is no doubt that the lifting of suspensions on some listed property funds is a welcome positive move.