BMO positions UK Property for December reopening as ASI lifts Global Real Estate suspension

'Significant risks' remain

James Baxter-Derrington
clock • 2 min read

BMO Global Asset Management (BMO GAM) is set to reopen its UK Property Fund by 14 December, while Aberdeen Standard Investments (ASI) seeks to lift its Global Real Estate fund’s suspension on 16 November.

In a statement, BMO GAM said it anticipated achieving its target level of liquidity by 14 December, which would allow the firm to reopen the BMO UK Property fund and its feeder. However it also caveated that the UK property market could remain "significantly impacted" by Covid-19 and Brexit, which "may affect the ability to realise liquidity in the manner currently planned". The net asset value (NAV) price for the funds has swung from ‘Offer' to ‘Bid', reflecting the fund managers' attempts to continue increasing liquidity through identified asset sales. This will result in a reduc...

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 Property Investment

More advisers favour real estate to derisk portfolios

More advisers favour real estate to derisk portfolios

Advisers ‘increasingly positive towards real estate’, research finds

Jenna Brown
clock 23 April 2024 • 1 min read
Majority of advisers set to increase real estate allocation

Majority of advisers set to increase real estate allocation

To de-risk portfolios through diversification and increase ESG focus

Isabel Baxter
clock 30 January 2024 • 1 min read
Peer-to-peer market grows as advisers seek further diversification

Peer-to-peer market grows as advisers seek further diversification

Exploring Defaqto data on peer-to-peer market

Darren Winfield
clock 22 September 2023 • 4 min read