Standard Life

Open Ended Property Funds Should Be Avoided

Commercial property funds are popular with private investors as historically they have provided high dividends with relative price stability. But the announcement yesterday by Standard Life Investments that it had suspended trading in its UK Property Fund has further undermined confidence in the property sector after it was already depressed because of the impact of Brexit. The suspension means that investors are unable to sell their holdings. This fund, one of the largest open-ended property funds, is an "open-ended" fund - in ...