Where now for property trusts after turbulent summer?

Closed-ended property trusts may not have been as badly impacted by the Brexit vote as their open-ended counterparts, which suffered £792m of redemptions in July, but the summer has still been a volatile period for the sector.

Update: Columbia Threadneedle to lift suspension on £1.3bn UK PAIF Funds in the closed-ended UK Direct Property sector saw discounts widen to an average of 14%, and some large funds were trading on discounts in excess of 20% - despite the structure of the funds limiting outflows (see chart, below). Since then, property trust discounts have narrowed, with the sector average currently about 6%. Trust analysts say the sector is still an attractive proposition for yield-hungry investors, but prospects are still uncertain and dependent on the strength of the UK economy following the Bre...