Aberdeen lifts suspension of property fund

Martin Gilbert

Aberdeen Asset Management said it has lifted the suspension of trading in its £3.2 billion UK property fund.

Uncertainty over the UK commercial real estate market following the EU referendum result led a number of British property funds to suspend trading.

The funds had been hit by a flood of redemption requests after the UK voted narrowly to leave the EU last month.

“Investors should be aware that the price may be adjusted on a daily basis to reflect the funds’ requirement to provide liquidity and the need to protect all investors,” said Aberdeen Asset Management chief executive Martin Gilbert.

“The market may take time to find its level but I have no doubt that property will continue to play an important part in investors’ portfolios.”