'Draconian' FCA open-ended property fund measures expected to drive flows to trusts and ETFs
180-day notice period for redemptions sought
The FCA is planning to bring a halt to the suspensions in the IA UK Direct Property sector
Measures outlined by the Financial Conduct Authority (FCA) to address the liquidity mismatch in open-ended property funds are expected to dampen investor appetite for the vehicle, and drive flows out of the sector in favour of property investment trusts and ETFs.
The FCA announced on Monday (3 August) its plans to bring a halt to the waves of suspensions in IA UK Direct Property recent years, which included the implementation of a notice period of up to 180 days...
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