More UK Property Funds Frozen
World Economy

More UK Property Funds Frozen

Three more UK property funds froze trading Wednesday, bringing the total to six and adding to Brexit-inspired anxiety in global financial markets. Canada Life, Columbia Threadneedle and Henderson Global Investors on Wednesday announced they had halted redemptions in their UK commercial property funds. This comes after M&G Investments on Tuesday joined Aviva and Standard Life in announcing a temporary suspension of trading in shares of its open-ended property fund, ibttimes.com reported.

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