Due to exceptional market conditions following the Brexit vote, many UK property funds have been suspended, including those managed by Standard Life, M&G, Aviva, Henderson, Threadneedle and Canada Life. This is affecting redemptions and new monies being invested, at least in the near future.
The property funds have experienced large redemption requests in light of the EU vote and due to liquidity problems and to protect the interest of investors, suspensions have been activated. Some funds have also seen their valuations marked down as a result
Unfortunately, in the short term, investors will not be able to withdraw funds or switch to other funds until the restrictions have been lifted.