Investors withdrew £438m from property funds in July
Investors withdrew £438m from property funds in the wake of Brexit, figures from financial date specialist Morningstar have revealed.
A total of £4.7bn was withdrawn from funds between 1 July and 31 July, with equity and property worst hit.
From August: Property funds considering collaborating to prevent ‘doomsday scenario’
| Global Broad Category Group |
Estimated Net Flow 2016-07 |
|
Total Net Assets 2016-07 |
| Allocation |
-300,980,616 |
|
126,497,883,822 |
| Alternative |
566,309,346 |
|
59,153,719,573 |
| Convertibles |
-20,616,813 |
|
1,670,389,157 |
| Equity |
-5,760,049,984 |
|
498,720,440,472 |
| Fixed Income |
758,892,983 |
|
145,607,786,450 |
| Miscellaneous |
1,353,280 |
|
3,143,423,391 |
| Money Market |
469,805,494 |
|
9,192,202,465 |
| Unclassified |
-258,159 |
|
305,598,921 |
| Property |
-437,943,658 |
|
29,131,057,099 |
| Total |
-4,723,488,127 |
|
873,422,501,350 |
Investors withdrew £438m from property funds in the wake of Brexit, figures from financial date specialist Morningstar have revealed.
A total of £4.7bn was withdrawn from funds between 1 July and 31 July, with equity and property worst hit.
From August: Property funds considering collaborating to prevent ‘doomsday scenario’
Global Broad Category Group
Estimated Net Flow 2016-07
Total Net Assets 2016-07
Allocation
-300,980,616
126,497,883,822
Alternative
566,309,346
59,153,719,573
Convertibles
-20,616,813
1,670,389,157
Equity
-5,760,049,984
498,720,440,472
Fixed Income
758,892,983
145,607,786,450
Miscellaneous
1,353,280
3,143,423,391
Money Market
469,805,494
9,192,202,465
Unclassified
-258,159
305,598,921
Property
-437,943,658
29,131,057,099
Total
-4,723,488,127
873,422,501,350
