3 more property funds halt withdrawals after Brexit vote
THREE more asset managers suspended redemptions in their British property funds on Wednesday as concerns mounted about the potential impact that Britain's decision to leave the European Union would have on the real estate market, particularly on the booming property market in London.
Columbia Threadneedle Investments, Henderson Global Investors and Canada Life each temporarily suspended trading in their British property funds, bringing the number of fund managers who have put a hold on customer exits to six since Monday.
Redemptions are on the rise as investors look for safe havens after the surprise outcome of the June 23 referendum on whether to exit the European Union.
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