Aviva Investors to lift suspension on Property Trust

Trading to resume 15 December

Daniel Flynn
clock • 5 min read

Aviva Investors has announced it will resume trading of its £1.5bn Property Trust from December 15, having suspended the fund in July.

The company has also announced that Mike Luscombe, co-manager of the fund, will retire at the end of January. Following his departure, Andrew Hook, co-manager on the trust since March 2015, will lead the vehicle. The Aviva Property Trust was suspended on 5 July following the Brexit vote, alongside a number of other property funds as they struggled with liquiduty issues.  Aviva's fund will resume trading at the midday valuation point on 15 December, with any valid instructions it has recieved to buy or sell units in the trust in advance of this valuation point being carried out using t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Tatton AM launches range of passive funds as AUM surpasses £20bn

Tatton AM launches range of passive funds as AUM surpasses £20bn

Net flows double from last year

Cristian Angeloni
clock 13 November 2024 • 1 min read
Mabel Insights adds DFM partner

Mabel Insights adds DFM partner

Additional Waverton data to be available on comparison site

Jen Frost
clock 12 November 2024 • 2 min read
Partner Insight: Navigating the great wealth transfer

Partner Insight: Navigating the great wealth transfer

The great wealth transfer represents opportunity and risk in equal measure for financial advisers.

Warwick Bloore Senior Specialist, Adviser Research Centre, Vanguard, Europe
clock 12 November 2024 • 6 min read