3 More Property Funds Halt Withdrawals After ‘Brexit’ Vote
By
London’s financial district viewed from Greenwich Park. The city’s property market had been booming until the British referendum to leave the European Union. CreditOdd Andersen/Agence France-Presse — Getty Images
LONDON — Three more asset managers suspended redemptions in their British property funds on Wednesday as concerns mounted about the potential impact that Britain’s decision to leave the European Union would have on the real estate market, particularly on the booming property market in London.
Columbia Threadneedle Investments, Henderson Global Investors and Canada Life each temporarily suspended trading in their British property funds, bringing the number of fund managers who have put a hold on customer exits to six since Monday…
3 More Property Funds Halt Withdrawals After ‘Brexit’ Vote
