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.”
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.
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