Fitch warns of Brexit redemption risk


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.

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