Property funds struggling

Investors trying to get out:

BlackRock Inc. has suspended withdrawal requests from investors in its £3.5 billion ($4.2 billion) UK property fund, in a move that highlights the sector’s ongoing challenges when markets are volatile.

M&G has maintained the redemption delay on its £4.6bn M&G Secured Property Income fund, a spokesperson confirmed to Investment Week.

A temporary deferral was applied to the institutional vehicle on 1 November after it received redemptions in excess of the fund’s immediately available cash, as a result of some defined benefit pension schemes needing to either raise liquidity or rebalance their portfolios.

Columbia Threadneedle fund