Monday 19 September 2016 9:08pm
William Turvill
The UK voted to leave the European Union on 23 June (Source: Getty)
Henderson Global Investors has announced it will reopen the UK property fund it suspended in the aftermath of the EU referendum.
Henderson was among several asset managers to suspend trading on funds during the summer.
Aberdeen Asset Management, Columbia Threadneedle and Canada Life have previously lifted their suspensions. Aviva Investors, M&G and Standard Life have yet to announce the reopening of theirs.
Henderson said on Monday evening that it would reopen the Henderson UK Property PAIF and Feeder Fund on 14 October, meaning clients are able to place redemption requests from 21 September.
“This notice period allows investors to make informed decisions and the necessary preparations ahead of the reopening,” Henderson said in a statement.
“Good progress in asset sales has enabled re-establishment of a liquidity buffer while maintaining a high quality, diversified portfolio with a strong tenant base and asset mix.”
http://www.cityam.com/249683/more-property-funds-suspended-after-brexit-being-reopened