Record £2.2bn pulled from UK property funds in 2019

December was the second-worst month on record

clock • 2 min read

UK property funds saw a record £2.2bn of outflows in 2019, with December the second worst month of outflows ever for the asset class, according to data from funds network Calastone.

Calastone said investors withdrew the equivalent of £1 for every £15 invested in the sector last year, as redemptions increased dramatically in the wake of the suspension of M&G's Property Portfolio fund. Property was the only major asset class to see outflows in 2019, with fixed income, equity and mixed asset funds all enjoying inflows. Property funds have now seen a net £1.2bn of outflows over the past five years - again, the only asset class to lose cash in that period. In December alone, investors pulled £314.4m from property offerings, the second-worst month on record. In the two...

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