This week has seen the announcement by Columbia Threadneedle of the re-opening of its suspended UK Property fund. The announcement comes after the managers decided that the market is looking more stable, more liquid and that the attitudes of investors is more positive. We are confident that this will set the president for other suspended property funds to re-open in the coming weeks and months, with comments today from M&G’s property fund manager, Fiona Rowley, supporting this. She says that the group now hopes to lift the suspension of their £4.4bn Property Portfolio next month once cash levels are above 15 per cent (currently at 7.8 per cent). This would mean that fair value adjustments are no longer necessary and the funds would revert to established valuation policies.
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ECB holds rates steady
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A chaotic start to the year, but don’t panic!
A chaotic start to the year, but don’t panic!