Suspended trading on 4 July
Re-opening on 14 October
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.
As open-ended property funds start to reopen after suspensions following the Brexit vote, there is a danger the debate around these vehicles gets kicked into the long grass until the next crisis erupts.
GICS has reclassified real estate as standalone sector
Aviva Investors has announced it will resume trading of its £1.5bn Property Trust from 15 December, having suspended the fund in July.
Key announcements over the break
Suspended trading in July
Other property funds remain suspended
'Opportunities' for active investors
Rebuilding liquidity complete
Hopes to remove dilution adjustment altogether in time
'Revolving facility' could be used if conditions are right
Buying opportunities within closed-ended sector?
Few lessons have been learned
Why did investors panic after Brexit?
Problems for platforms
Advance warning of suspensions
Amid property fund suspensions last week
Do they have the right tools to protect investors?
Concerns about contagion risk
Removes Large Deal Provision
Aviva and M&G funds suspended this week