UK wealth managers cut property exposure on liquidity fears

Latest FE fundinfo Adviser Fund Index

Anna Fedorova
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Ten funds in the sector were removed overall - the highest number from just one sector
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Ten funds in the sector were removed overall - the highest number from just one sector

UK wealth managers have significantly reduced their exposure to UK property as an asset class, according to the latest FE fundinfo Adviser Fund Index (AFI).

The index, which is rebalanced twice a year, shows that six adviser groups have removed IA UK Direct Property funds from their portfolios for investors across all risk profiles. Ten funds in the sector were removed overall - the highest number from just one sector - with Threadneedle's UK Property Authorised Investment, L&G's Property Feeder and M&G's Property Portfolio funds among those to be discarded. The research attributes this to the high-profile suspensions of the M&G and Prudential UK Property funds in 2019, which remain suspended. Oliver Clarke-Williams, portfolio manager ...

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