Are Property Funds Heading for Extinction?

Editor's Views: It’s no surprise that some fund groups are wrapping up their property funds but this may be more to do with ditching an out-of-favour theme

Holly Black 25 June, 2021 | 11:08AM
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And another one bites the dust in the open-ended property fund sector. This week Aegon announced it would be shuttering the Aegon Property Income fund, just weeks after Aviva reached the same conclusion on its own property fund.

Is this investment Darwinism in action? Many property funds have been shuttered on and off since the Brexit vote five years ago (Yes, that was five years ago already! Here are the best and worst performers since the vote), seemingly never quite able to get back on an even footing.

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About Author

Holly Black  is Senior Editor, Morningstar.co.uk