Tuesday, July 5, 2016

BREAKING Second Property Fund Suspends Trades Over Brexit Fears

On the heels of  Standard Life Investments halting withdrawals from its U.K. Real Estate Fund, Aviva Investors suspended trading in a 1.8 billion-pound ($2.4 billion) real estate investment fund.

The money manager halted the Aviva Investors Property Trust following a “lack of immediate liquidity,” according to a statement Tuesday. “We have acted to safeguard the interests of all our investors by suspending dealing in the fund with immediate effect.”

1 comment:

  1. Brexit is actually doing us a favor by showing us in no uncertain terms what a total house of cards the current global economy is.