In a statement yesterday evening, Standard Life Investments said: “The suspension was requested to protect the interests of all investors in the fund.”
Experts said Standard Life Investments could be the first in a wave of funds to do the same in the wake of the referendum.
Laith Khalaf, senior analyst at Hargreaves Lansdown, said: “Property funds are clearly under pressure as a result of the Brexit vote, and we could now see a new wave of investors being unable to liquidate their property funds quickly, which we last witnessed during the financial crisis.”
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