Is actively suspending illiquid property funds the answer?

Reaction to launch of FCA rules on non-UCITS retail schemes

Mike Sheen
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Investment Week deputy news editor Mike Sheen
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Investment Week deputy news editor Mike Sheen

Last week the Financial Conduct Authority (FCA) revealed its new rules for non-UCITS retail schemes (NURSs) investing in inherently illiquid assets.

While the suspension of Woodford Equity Income - a UCITS fund - has been the big fund liquidity story of 2019, the regulator appears primarily worried about open-ended property vehicles. The 2016 property...

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