By Frances Ivens2019-02-26T18:02:00
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.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
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.