Britain’s £10bn retail property fund industry is balancing on the edge of a liquidity crisis that could force funds to turn away investors looking to withdraw cash.
Figures to be released this week are expected to show that cash levels in funds such as Scottish Widows Investment Partnership (Swip) and Norwich Property Trust (NPT) have halved as tens of millions of pounds have been withdrawn in just one month. >>>
Run on property funds as buildings fail to sell
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