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Frozen funds raise concern
Friday 8th of July 2016
Six UK property funds have now been frozen – meaning half of Britain’s £25 billion property fund sector is at a standstill.
The open-ended real estate funds involved, including Aviva, M&G Investments and Standard Life, are not as liquid as listed property options.
It can take significant amounts of time to sell properties to meet withdrawal requirements.
While ope...
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