Diversification, income, and growth: The merits of post-referendum property investment

In the immediate aftermath of the EU referendum, the spotlight fell on UK property and those who invest in it, writes Michael Barrie, director of fund management - property, at Legal & General Investment Management.

The wave of redemptions from open-ended property funds caught headlines, and, while the L&G UK Property Fund remained open, the majority of open-ended property funds were forced to close their doors. The spate of closures sent temporary shock waves through the industry. Now that the immediate shock of the vote has dampened, what are the prospects for UK property? While the phase of significant net withdrawals was short-lived, the latest Lloyds Bank Investor Sentiment Index shows UK property saw the biggest decrease in investor sentiment of any asset class in November. In a year of ...