Canada Life AM closes UK property fund as redemptions hit 60%

First distribution due January 2024

James Baxter-Derrington
clock • 2 min read

Canada Life Asset Management has begun the process of winding up its UK property fund, as redemptions totalling 60% of its current assets leave the fund commercially unviable.

Trading has been suspended in the WS Canlife UK Property ACS, along with a range of onshore and pension products that invest in the fund. The following funds have been suspended: Canlife UK Property LS2, Canlife UK Property LS3, Canlife UK Property LS4, Canlife UK Property LS5, Canlife UK Property, Canlife UK Property, Canlife UK Property Income, Canlife UK Property PS4, Canlife UK Property PS5. Waystone Management UK, the fund's authorised corporate director following the sale of Link Fund Solutions to Waystone Group, confirmed the move to close was made as the manager was informed t...

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