L&G Investment Management has gated the UK’s largest property open ended fund, the £2.9bn L&G UK Property fund, as well as its UK Property Feeder fund, as have Columbia Threadneedle and BMO Global Asset Management, the latest in what is now the majority of the daily traded leading open-ended funds taking the action as the coronavirus causes values to fall.
L&G, Columbia Threadneedle, BMO, Aberdeen, Aviva Investors, Kames Capital and Janus Henderson suspend trading in £13bn plus open-ended funds
Big names in open-ended property join M&G in gating funds citing valuation falls precipitated by coronavirus which have triggered FCA rules not due to come into force until September
By Paul Norman
CoStar News
March 18, 2020 | 7:37 AM
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