World Economy

More UK Property Funds Frozen

More UK Property Funds FrozenMore 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, reported.