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
Other property funds remain suspended