The UK financial watchdog has asked for daily updates from property funds after anxious investors withdrew hundreds of millions of pounds amid Brexit uncertainty, stoking fears of another liquidity crunch.
Retail investors withdrew £315m from property funds in December, according to Morningstar.
The size of the withdrawals are comparable with the volumes of redemptions in each of the two months following the 2016 Brexit vote, which prompted funds to suspend trading, trapping investors’ money.
