Commercial Property Funds Hit by Brexit Fears

NEWS YOU CAN USE: What has been going on in the City? Big manager departures, property funds panic and Alliance Trust looks into a merger

Emma Simon 2 June, 2016 | 11:03AM
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May has proved to be a busy month in the investment world: with a wave of corporate activity, alongside a crop of fund manager departures.

Turbulent markets have been behind many of these moves: with two more income funds being kicked out of their sectors, and five commercial property funds altering their pricing in a bid to stem outflows.

But some of this corporate activity is the result of investment companies looking towards longer term horizons: Axa for example has sold its investment and pension business to Phoenix holdings, while two of the UK’s largest global investment trusts - Alliance Trust and RIT Capital Partners - confirmed they were in merger talks.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Alliance Trust Ord1,014.02 GBP-0.39Rating
AXA SA23.10 EUR0.00Rating
Jupiter Japan Income L Acc161.53 GBP0.30Rating
Montanaro UK Income EUR Unhedged1.73 EUR-0.40Rating
Phoenix Group Holdings PLC650.00 GBP0.00
Premier Miton UK Value Opps A Retl Acc274.10 GBP0.37Rating
RIT Capital Partners Ord2,615.04 GBP-0.38Rating
Threadneedle UK Eq Inc Rtl Inc GBP0.99 GBP0.13Rating

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for

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