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More property funds suspended after Brexit are being reopened

William Turvill
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Britain Reacts To The EU Referendum Result
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.

Read more: Brexodus: Retail investors took £3.5bn out of funds in referendum month

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.

Read more: Columbia Threadneedle next to re-open property fund

“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.”‚Äč

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