Property

Property | 1 Aug 16

Aberdeen Asset Management has raised £115m ($152.2m, €136m) of equity from UK pension funds to invest in the fast-growing UK private rented sector (PRS).

Companies | 25 Jul 16

Aberdeen saw outflows of £1.5bn ($2bn, €1.8bn) from its property funds in the three months to June, but some analysts see this as merely a “sideshow” to deeper problems.

Property | 22 Jul 16

The UK’s largest open-ended property funds gated flows or implemented exit charges to prevent a post-Brexit run on the asset class earlier this month, trapping £15bn ($19.8bn, €18bn) of investors’ cash and casting a cloud over the City. But many flexible investors were able to see the warning signs and evade the net, says David Coombs, Rathbones’ head of multi-asset investments.

Property | 21 Jul 16

Aberdeen has reduced the dilution adjustment on its UK Property Fund and its feeder unit on the back of slowing redemptions the firm said.

Property | 18 Jul 16

The price of Legal & General’s UK Property Fund rose by 4.3% after repricing the charge it imposed on people who wanted to withdraw cash from the fund.