Wealth managers looking to take advantage of widening discounts in REITs are to blame for the trading suspensions of open-ended UK commercial property funds that took place following the UK's vote to leave the EU last year, according to Aviva Investors' Euan Munro.
Munro, who is chief executive of the firm that runs the £1.4bn Aviva Investors Property Trust, said professional advisors were looking to profit from an arbitrage trade that opened between open-ended funds...
£44bn committed to sector over five years
Key points from Hammond's 'balanced' Budget
No stamp duty on homes under £300,000
Second Budget this year
Rises in-line with CPI