Fitch warns of Brexit redemption risk

Brexit

Fitch Ratings has warned that while cash levels in open-end property funds are “marginally better than in mid-2016”, they are not high enough to prevent funds from imposing withdrawal restrictions in the event adverse Brexit developments in the coming weeks.

 The agency said there is potential for the market reaction to Brexit events to be more severe than it was following the referendum, particularly if there is a no deal Brexit.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue