Financial advisers should receive better education over the illiquidity of property funds after a wave of fund suspensions in the wake of Brexit revealed varying levels of understanding, a trade body has said.
After conducting a series of interviews with advisers, The Association of Real Estate Funds (AREF) has warned IFAs have a "variable" understanding of the intricacies of open-ended real estate funds and said it would take steps to help improve their understanding. In July, just three weeks after the EU referendum vote, Aberdeen and Canada Life joined Aviva Investors, Columbia Threadneedle, Henderson, M&G and Standard Life Investments in suspending trading on their property funds, amid a post-Brexit rush to exit the asset class. One adviser told Professional Adviser the suspensions had ...
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