Update: SJP latest to suspend property funds
Difficult to value assets
Kames recently began blocking any instructions to purchase, sell or switch shares or units in the funds
SJP, Columbia Threadneedle, BMO Global Asset Management, LGIM, ASI, Kames Capital and Janus Henderson have all suspended their open-ended UK property vehicles due to valuation concerns amid the ongoing pandemic-driven market sell-off.
St. James's Place has confirmed the suspensions of the £1bn AUM Property unit trust, as well as the £200m AUM Property Life and £1.2bn AUM Property Pension funds. In a statement SJP said that in line...
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