Aviva to reopen UK property fund shut by Brexit turmoil

London

AVIVA Investors, the fund arm of insurer Aviva, plans to reopen the UK property fund it was forced to suspend during the market turmoil which followed Britain's vote to leave the European Union in June.

British funds worth around £18 billion (S$31.8 billion) suspended their activities in early July, after the funds ran out of ready cash to pay retail investors who demanded their money because of fears property prices would collapse.