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Old 06.07.2016, 11:32
yacek yacek is offline
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
Aviva Investors and M&G are the latest major fund groups to suspend trading in commercial property portfolios worth a combined 6bn as investors' rush for the exit gathers momentum.
The decisions were made as panic intensified around property valuations and the Bank of England used its July Financial Stability Report to warn of a potentially destabilising impact if funds were "forced to sell illiquid assets to meet redemptions".
In addition to halting withdrawals, Britain's biggest commercial property funds have also written down combined portfolio values by approximately 1bn in the last few days.
Commentators predict more funds will close as a "liquidity crunch" takes hold across the sector.
"This could be the beginning of a vicious cycle in commercial property where the prevention of withdrawals in one fund leads to higher withdrawals and further suspensions in other funds," [...]
http://www.telegraph.co.uk/investing...ssues-warning/
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